1. The value of the American Dollar
Kudlow and Kramer did not mention this benefit of a weaker dollar, but they did mention the President's push for China to allow its currency to "float." China's currency, the Renminbi, is currently pegged to the value of the dollar. ... As the dollar has fallen relative to the Euro, so to, has the Renminbi, making Chinese products cheaper in Euros along with American. ... Unfortunately, economic theory has political implications in the real world, Japanese and European citizens abhor adjusting the values of their currencies caused by "Profligate American consumers and an even more ...
- Word Count: 1225
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate