America Doesn't Need A Strong Dollar Policy
March 14, 2013
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1:51:34Now PlayingAmerica Doesn't Need A Strong Dollar Policy
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as posted by the channelIt's often taken for granted that America needs a strong dollar. When the value of the U.S. dollar is strong relative to other currencies, it becomes attractive to investors and allows Americans to buy foreign goods and services cheaply. But in times of recession, are we better off with a weak dollar that stimulates U.S. manufacturing by making our goods cheaper and more competitive? Or will the loss of purchasing power and currency manipulation abroad, offset the potential gains?
For: Frederic Mishkin
For: John Taylor
Against: Steve Forbes
Against: James Grant
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