Fuel for today's thought

This is why I want a strong dollar.

The discussion in class today made me feel like I was on an island. A desert island with only John Twomey. And lets face it, if it came down to it and we needed to eat one another to survive, I'd have a tough time taking down John. Anyway, if you take a glance at the article posted above, the reasons for the dollar staying strong are evident. There is no cause to assume that just because the economic thought indicates that our export levels would rise if the dollar fell. If it falls it gives the opposition to bolster their native industries rather than promoting ours. While I support rate rises in order to bolster the dollar, I don't want it to be an absolute necessity in order to offset inflation. It needs to happen on our own terms, and needs to be advertised as such in order to keep the world faith in the dollar. Like I said in class, a weak dollar lowers our purchasing power internationally, and that begets more weakness. We are, or were in a good position to stay ahead of the curve by having a strong dollar, but if we fall behind and rely on foreign investment to increase our exports, we have to play catch up to the rest of the world economies. This is to say that we need to rely on foreign countries bolstering our economy instead of the United States doing the same to other states.

Bush Third Term.