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It is like a tax because the politicians could either raise real taxes or get more money from the private Federal Reserve Corp. It has been easier politically for them to get more money from the Fed than to raise taxes on the voters. However, when I go and buy a new car, I am paying twice as much now then in 1990 for the same car. I have to make twice as much, which isn't always the case. And there are lots of people who refuse to pay over a certain amount for a product on principal (I will never pay $200k for a home or over $20k for a car, no matter how depressed the dollar is). It also hurts retirees and people without a stable income or exposure to the markets.
The other 'good thing' about devaluing the dollar is that stock prices go up. Not because the companies did anything, but because it takes more money to buy a share. How many people would understand that if the US dollar got really strong and the stock market dropped by 50%, that it is a good thing?
As an international traveler, I do run into problems where it costs more to buy things overseas as well.
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