Intelligence Squared US: Does America Need a Strong Dollar Policy?
Saturday, April 27, 2013
Broadcast Times: Saturday 6am on 93.9FM, Saturday 2pm on AM 820 and Sunday 7am on AM 820 and 8pm on AM 820
It's often taken for granted that America needs a strong dollar. When the value of the U.S. dollar is strong relative to other currencies, it becomes attractive to investors and allows Americans to buy foreign goods and services cheaply. But in times of recession, are we better off with a weak dollar that stimulates U.S. manufacturing by making our goods cheaper and more competitive? Or will the loss of purchasing power and currency manipulation abroad, offset the potential gains? Our debaters are Frederic Mishkin, Steve Forbes, John Taylor, and James Grant.