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Reply #45: Economists generally view the long term devaluation of the dollar as a necessary [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Zynx

(1000+ posts) Send PM | Profile | Ignore

Fri Aug-07-09 01:54 PM
Response to Reply #37

45. Economists generally view the long term devaluation of the dollar as a necessary

component to correcting the trade deficit. In the short run if you are presently running a trade deficit then a devaluation worsens the situation, but in the long run by making imports more expensive and exports cheaper the general view is that it will improve the economy.

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