America Doesn't Need A Strong Dollar Policy (#304)
It's often taken for granted that America needs a strong dollar. When the value of the U.S. dollar is strong relative to other currencies, it becomes attractive to investors and allows Americans to buy foreign goods and services cheaply. But in times of recession,are we better off with a weak dollar that stimulates U.S. manufacturing by making our goods cheaper and more competitive? Or will the loss of purchasing power and currency manipulation abroad, offset the potential gains? MODERATOR John Donvan Author & Correspondent for ABC News FOR Frederic Mishkin Professor, Columbia Business School FOR John Taylor Chairman and Founder, FX Concepts AGAINST Steve Forbes Chairman and Editor-in-Chief, Forbes Media AGAINST James Grant Editor and Founder, Grant's Interest Rate Observer [56 minutes]
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Series Description: INTELLIGENCE SQUARED features provocative and informative debates on hot-button concerns of the day. Moderated by ABC's John Donvan, each program includes experts, specialists and passionate advocates on both sides of an issue. Taking the traditional approach of Oxford-style debate, one side proposes and the other side opposes a sharply framed motion, with two to three speakers on each side. After the formal arguments, the debate is thrown open to the floor for questions, triggering an interchange among speakers and audience. The studio audience votes on the motion before and then after hearing the arguments, providing a clear measure of how people have been swayed.
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