Mises Daily
Author:
Frank Shostak
Online Publish Date:
Since January 2002 the U.S. dollar has fallen by 25.6% against the Euro and 13.2% against the yen. Most experts are of the view that the sharp fall in the dollar is the result of the fact that American imports of goods by far exceed exports of goods. In March the trade gap stood at $43.5 billion, not far from the record deficit of $44.9 billion in