redspear on 04 February 2008
There are people in the US goverment who believe a devalued US dollar helps to encourage the sales of exported items with an advantage to corporations inside the US while discouraging travel outside of the US. In the early 80s it was intentional deflated by the US in an attempt to ward off recession. It also lead to an increase number of purchases of US land from foreign people of US property since the cost was cheaper to them. There is a plus or minus to the strength or weakness of any monetary unit. While I will not pass a judgement since I lack any significant education in economics I will say that some people prefer a weak dollar and others a strong dollar... Sony and Nintendo like strong dollars.
