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Originally posted by nap
so how exactly does this help/hurt americans? are we getting less for our money now inside of our own country or just when we try to spend the $ outside of the country? how the world market works is something that i have yet to learn but i'm interested. could someone give me a breakdown on this for americans and not just europeans?
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A low $$ helps the americans because exporting goods is a lot easier. It hurts Europe bigtime because we basically either lose 25% of our US income or we leave it all since customers will just leave if we regulate our US prices this much.
Of course, importing goods is also not too easy for the US, but the US does not NEED to import a whole lot of goods.