At 10:15 2003-12-31, Chimpsarecute wrote:
This is actually a fallacy. Yes in theory a weak dollar makes exports
cheaper. But that only holds true if your economy is geared to exporting,
like the EU and other countries. The US has exported much of its
manufacturing base to 3-rd world countries thus eliminating any real export
advantage of a weak currency. But such a theory does work in pacifying the
masses and preventing a panic when reported in the US media.
We still have aerospace, Intel, lumber, agriculture, etc.
It's not all widgets Chimp.
