In a civilized society, should anyone or any government ever force anyone to do anything against his or her will as long as that person does not infringe upon the life, liberty, or property of another?

Wednesday, January 2, 2008

Weak dollar good for the U.S.?

Lately, some of the eternal optimists on the financial news channels, who constantly remind us that a recession will be avoided (sorry guys, we're already in one), have been chirping about how a lower dollar is good for exports. That may be true, but is that the whole story? Here's a short but good article by Domenick Armentano, and it questions how good a weak dollar is for the U.S. economy. Thanks to mises.org for posting Armentano's article today.

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