Free Market
Author:
Christopher Mayer
Online Publish Date:
The Free Market 24, no. 2 (February 2004) There is a fly in the ointment of economic recovery: a dollar that just won’t seem to stop its fall. The impression that this trend portends something ominous is bolstered by the inverse relationship of the dollar’s value on international exchange and the price of gold. As the dollar has fallen in the