EOC Week-3

Should America Have a weak dollar or a strong dollar? Why did you make this choice? What will happen or not happen?

My first choice when asked this question was, well I want America to have a strong dollar but that could very well lead us back to debt. When your dollar is strong you are able to import goods from other countries for a cheap price and in abundance, but no one will want to buy from our country because exporting would be too expensive. When that happens our country is not being stimulated enough because we are consuming and not producing. Let’s look at our dollars situation now, it is weak but things are so much cheaper now in our country but we are in so much debt. Countries would more likely want to receive goods from America due to how cheap the cost is. It’s really sad when your dollar goes from meaning a lot to not worth a damn. Both options have really good advantages but I really do think America needs equilibrium, basically their needs to be a balance of Importing and Exporting and not just one extreme to another.