The assumption is that having a "strong dollar” is always good for the economy, yielding low import prices, low inflation rates, and making the dollar attractive to foreign investors. But in a recession, could a weak dollar policy accelerate our recovery with low export prices that encourage foreign countries to buy more U.S. goods cheaply?
Moderator: John Donvan
Speaking for the motion: Frederic Mishkin, Professor, Columbia Business School; John Taylor, Chairman and Founder, FX Concepts
Speaking against the motion: Steve Forbes,Chairman and Editor-in-Chief, Forbes Media; James Grant, Editor and Founder, Grant's Interest Rate Observer