Difficulties are Not Benefits
8 January 2007
Editor, The Wall Street Journal
200 Liberty Street
New York, NY 10281
To the Editor:
Mark Whitehouse reports that a weaker dollar is good for America because it makes "U.S. exports more attractive to foreign buyers while making it costlier for Americans to buy products from abroad" ("Why U.S. Should Root for Dollar to Weaken More," Jan. 8).
Rubbish.
Would Mr. Whitehouse write that lower wages are good for American workers because they make "U.S. workers more attractive to employers while making it costlier for these workers to buy products produced by others"? Since when is less real purchasing power generally desirable?
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Editor, The Wall Street Journal
200 Liberty Street
New York, NY 10281
To the Editor:
Mark Whitehouse reports that a weaker dollar is good for America because it makes "U.S. exports more attractive to foreign buyers while making it costlier for Americans to buy products from abroad" ("Why U.S. Should Root for Dollar to Weaken More," Jan. 8).
Rubbish.
Would Mr. Whitehouse write that lower wages are good for American workers because they make "U.S. workers more attractive to employers while making it costlier for these workers to buy products produced by others"? Since when is less real purchasing power generally desirable?
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on
Monday September 17, 2007 at 5:56pm