Trade Deficits and Weakening Dollars Essay

Trade Deficits and Weakening Dollars Essay Economist Frank Shostak offers an unpopular view of the United States’ trade deficit and its effect on the country’s economy The view is widely held that an increasing trade deficit ultimately leads to the unwillingness of other nationals to hold the American currency The effect of such a development would be an ultimate decline in the United States’ dollar exchange rate When United States nationals converts its dollars to that of another country, say the Japanese Yen, in order to procure... more