this post was submitted on 27 Jan 2025
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Calif.-founded EV maker Canoo, once worth $2.4 billion, goes belly-up after moving to Texas (www.sfgate.com)
submitted 3 days ago by mesamunefire to c/technology
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[–] [email protected] 4 points 3 days ago

The US dollar, or any currency, isn't the economy either. Look at the recent bout of inflation we had, unemployment remained pretty steady despite relatively extreme rate hikes.

The US dollar is based on supply, which impacts relative value. It's all interconnected, but central banks can manage inflation/deflation regardless of what happens to the economy.