TITLE

Bush's Big Boo-Boo

AUTHOR(S)
Forbes, Steve
PUB. DATE
January 2008
SOURCE
Forbes Asia;1/28/2008, Vol. 4 Issue 2, p9
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author criticizes the Bush administration for adopting a weak-dollar monetary policy. He contends that this policy is destructive to the U.S. economy and the economy of developing countries. A weak-currency policy has disastrous economic and political consequences, most immediately, to the country's tumultuous equity markets. The prices of oil and other commodities are surging primarily because of the weak dollar. U.S. President George W. Bush should promptly reverse his government's destructive course.
ACCESSION #
28864699

 

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