LafayetteEnFrance

The comments in this paper regarding lowering the dollar exchange rate are tendentious and tantamount to "beggar-thy-neighbor" policies. The dollar has fallen far enough to favor export trade. Lowering the American dollar translates quite simply to increasing the cost of foreign goods and therefore enhancing market share in international trade and commerce. Which results, ipso facto, in creating unemployment in our trading partner nations. How is that equitable or fair, that the solution of America's unemployment problem should depend upon creating unemployment amongst our trading partners? This is mindless nonsense and a perverse sort of "protectionism". Rather, the US should find a way to curb its appetite for cheap Chinese goods, thereby reducing its chronic deficit and its balance of payments that has lead to the more than a half a trillion dollars carried by the Chinese in T-notes. This debt requires maintenance, thus draining from Tax Revenues that could be better employed elsewhere in stimulating the economy. Americans cannot have their cake AND eat it. The binging is over. It is the time for difficult choices and their resulting consequences in diminishing somewhat the American standard of living that has, for far too long, depended upon debt.