To: 1rudeboy; A. Pole
Evidently as a Chicago exporter who has had labor relations background, you never took Econ 101, Rude: so here's the scoop:
A FALLING dollar is VERY GOOD for exporters. It makes the exported product CHEAPER in other markets.
THere. Sleep well tonight. Tomorrow there will be a test.
44 posted on
11/20/2003 6:25:57 PM PST by
ninenot
To: ninenot
Actually, I advanced far beyond Econ 101. You neglected to explain why certain protectionists (such as the one to which I was responding), are so afraid of a falling dollar. I am not, and it is one way to correct our trade-imbalance (and drive the Chinese into the ground) without resorting to market-distorting protectionist schemes.
47 posted on
11/21/2003 5:15:13 AM PST by
1rudeboy
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