Jesus, I struggle to think of somebody with any real power in the US who truly gives a flying f**k about their accelerating debt burden, debt monetization, or the long - term
external value of the dollar.
For as long as these objectives can be achieved, the
value of the US
dollar can also be stabilized in relation to other currencies, despite the extraordinary imbalances in
external trade.
Is it any wonder good people are increasingly looking for better alternatives than working in a private legal practice; clients are looking to other providers to add
value to their businesses; and that
external disruptors will continue to flock to the legal profession in droves to exploit law firms» soft underbelly - our lack
of flexibility, failure to innovate, unwillingness to collaborate, our short term greed for the almighty
dollar, our 19th century governance structures, absence
of diversification - and most
of all our cultural desert.
If the
value of the
dollar (or any currency) devalues (or gets devalued) compared to another currency (and there are many reasons why a currency devaluation could occur — internal fiscal crisis,
external market forces etc.), there might be pressure for real estate prices to escalate.