Weak Dollar DESTROYS Competitiveness - Reader comments at The New York Sun

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The McCain Dollar

Submitted by Hal Henig, Mar 5, 2008 21:13

Many economic professors and policy makers believe that devaluing the dollar will enhance competitiveness. However, they are flat wrong and it does the opposite. Weak dollar will destroy our competitiveness. It leads to higher inflation, which means a higher cost of capital, capital flight, higher energy and raw materials cost, and lower productivity. Mr. Kudlow writes that a weak dollar undermines our nations prestige and respect abroad. The lost prestige could effect our exports. A country with a more prestiges currency will attract more business.

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Other reader comments on this article

Comment	By	Date
McCain could very well turn the economy around with this "break year" he's planning on doing. This year of cutting... [MORE]	Dale Rimjob	May 5, 2008 10:10
Yes, there is a big problem with the dollar. So yes, any candidate who can associate himself with the solution... [MORE]	H.J.Poell	Mar 6, 2008 04:28
Many economic professors and policy makers believe that devaluing the dollar will enhance competitiveness. However, they are flat wrong and...	Hal Henig	Mar 5, 2008 21:13
Leading a campaign to respect the dollar is akin to the emperor with no clothes. The plain fact is a... [MORE]	Peter Duray-Bito	Mar 5, 2008 13:32
This single concept would save the Dollar, in a Demand Economy. [MORE]	Edward Holman	Mar 5, 2008 12:58
I am a long time forex trading going back to the days when currency futures were first introduced to the... [MORE]	Dennis Yanez	Mar 5, 2008 12:50

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