A few things to consider when pondering this article.
1. Article is from "Reuterville", and where exactly is there HQ now?
2. The authors are from "Harvard" and "University of Wisconsin" two socially and governmentally liberal institutions whose faculty are well known Europhiles. (Meaning they would love to see the dollar fall.)
3. The Euro has been around a while now...long enough for people to realize that the only thing backing the currency is...well the paper it's printed on, and the Eurozone's requirement of it's use...it's not backed by any considerable "economic" force.
This is just wishful thinking on the part of those whose agenda would have all of us beleive the Europeans have the best way of life...simply not true.
U can see the author's agenda clearly, as they brush aside any sluggishness or issues with the Euro with reckless abandon. (Meaning they're apologists for the currency's performance as oppose to looking at the facts and circumstances regarding its current valuation trend.)
And they are critical of US economic performance using sophistry to fulfill their aims as well. (Meaning their poor interpertation of how US GDP is factor for dollar valuations...they'll skew the facts till they think they have a point.)
While debt is an issue, they choose not to point out Yr to Yr GDP growth for the US economy (which is a constant) when compared to Europe's stagnation...and high unemployment, which sadly for them is a constant as well.
Nut jobs with a collegiate job and a liberal agenda published in Rueters...SOSDD.
very good points. Reuters is a leftist anti-US outfit. The only way the Euro will supplant the $ is if govt spending here gets out of control (opps may be happening) and the Feds start inflating the currency big time. The only thing saving us, is that Europe is about 20 years further down the road of Socialism.
Yes, but the study was commissioned and published by the National Bureau of Economic Research, part of the Bush Administration.