Saturday, April 16, 2011

The Fed Is In Denial About the Weak Dollar

Steve Hanke, Cato Institute
The Chairman of the Federal Reserve Ben S. Bernanke has embraced a weak dollar policy. And he is not alone. The weak dollar mantra is very much in evidence on most of the boulevards and in the back alleys of Washington, D.C. The idea even has a certain appeal to the common man on the street. After all, a cheap dollar is advertised as an export stimulant and the fuel for an economic boom. But, the common man is often wrong, and so is Chairman Bernanke.

Source: http://www.realclearpolitics.com/articles/2011/04/16/the_weak_dollar_problem_109579.html

Carte Goodwin Chuck Grassley Chuck Hagel Chuck Schumer Claire McCaskill

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