GDP grows (slightly) as a result of falling dollar.
Published April 30th, 2008 in RandomYes folks, economics does work out. Exports Help Economy to Modest Growth, from the NYT.
I just find it hilarious that people fail to understand that a falling dollar makes our exports more attractive. That of course helps close our insanely-high trade defecit and guess what, helps the economy.
It’s just like China… except without the artificial undervaluing… and less widespread human rights abuses (hopefully).
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