Should We Fret About the Dollar?
The United States began its life by holding certain truths to be self-evident. Despite the beliefs held fervently by what often feels to be a majority of financial market commentators that deficits are wicked and cause a weaker dollar, which is even more wicked in turn, these truths should not be held to be self-evident. Three decades of constant refutation by the data should count for something.
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Commentaries — November 10, 2004
Should We Fret About the Dollar? The United States began its life by holding certain truths to be self-evident. Despite the beliefs held fervently by what often feels to be a majority of financial market commentators that deficits are wicked and cause a weaker dollar, which is even more wicked in turn, these truths should… Continue reading Untitled