On Jun 21, 2008, at 10:17 AM, Jim Devine wrote:
why does the Fed have to support the dollar exchange rate? Why not simply enjoy an export surge?
They wouldn't mind a little of that, but too much and you get inflation problems, and a much harder time attracting the foreign capital that we still need in great quantities. My guess is that they've had about all the dollar depreciation they feel comfy with.
Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
