Mises Daily
Author:
David Howden
Brenna Sanae Kajikawa
Online Publish Date:
To hear some commentators talk, one would think that America’s trade-deficit woes would be miraculously erased with a swift devaluation. A too highly valued greenback makes imports “too cheap” and incentivizes Americans to buy from their foreign competitors. The corollary is that the expensive dollar is making American exporters unattractive to
