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Re: [Pen-l] Michael Hudson: The game is over
On Jun 21, 2008, at 10:17 AM, Jim Devine wrote:
why does the Fed have to support the dollar exchange rate? Why not
simply enjoy an export surge?
They wouldn't mind a little of that, but too much and you get
inflation problems, and a much harder time attracting the foreign
capital that we still need in great quantities. My guess is that
they've had about all the dollar depreciation they feel comfy with.
Doug
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- Thread context:
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Louis Proyect Fri 20 Jun 2008, 15:10 GMT
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