The Falling Dollar: We’ll be on Firm Ground Again
Originally published in The Washington Times, January 5, 2004. Used with permission of Michael R. Czinkota and The Washington Times.
We hear about record-breaking declines of the dollar, rising U.S. trade deficits and a retrenchment of inward investment f lows. Cassandra-like voices point to the war-caused budget deficit, foresee a growing U.S. dependence on the mercy of foreigners and predict the imminent collapse of the global economy. Though these advocates of negativism are sadly mistaken, it is appropriate to review the key effects of dollar value changes together with an outlook of likely ...
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