Alan Auerbach, a University of California economist and a leading advocate for the switch from an income tax system to a border adjusted cash flow tax (or DBCFT), released a note yesterday that seeks to reinforce his prior analysis detailing why the dollar will rise in response to the border adjustments contemplated by the DBCFT. In this note, Auerbach catalogues and counters the more popular arguments against his currency appreciation predictions. The full note is available here.