Intelligence Squared U.S.
America Doesn't Need A Strong Dollar PolicyEpisode Guide »
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