Quote:
Originally posted by KraZ
Hmm, I don't have PhD in finance [but I have a friend who has and I could ask him for more info]. I can tell you this: the weak dollar is better for exporters, it's better for tourism (EU tourists will now go to the US to spend their euros), and most importantly it's better for the deficit/debt because it's in dollars, duh!
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It's not better for imports and for a lots of things, otherwise the US would've always chosen to have a weak dollar. If it's so good, why not make it so that $1 = 1 Yen?