America Doesn't Need A Strong Dollar Policy

Topics: Economics, Finance, U.S.

Public Release Date: March 13, 2013

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?

ARGUING YES:

• Frederic Mishkin: Professor at Columbia Business School

• John Taylor: Chairman and Founder of FX Concepts

ARGUING NO:

• Steve Forbes: Chairman and Editor-in-Chief for Forbes Media

• James Grant: Editor and Founder of Grant’s Interest Rate Observer

MODERATOR-IN-CHIEF:

• John Donvan: Emmy award-winning journalist