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The amazing thing to me is that people like Hubbard and Hassett are sure that they can can get with such statements. - fuller schmidt

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[quote]Ultimately we will need an increase in foreign demand, meaning a lower trade deficit, to fill the gap. This will require a lower valued dollar which will make U.S. goods more competitive...

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[i]Our financial policy crew can't be that much less competent than the folks calling the shots in Argentina. [/i] They're trying, though. - John Emerson

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NGDPLT

It is hard for me to see why we would need a big housing recovery if NGDP returned to trend as Scot Sumner is pushing for. IMO home prices need to fall even as other prices need to rise to fill in the...

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Obama

Why is Obama not pushing for a lower valued dollar. Is it because as Senator Durbin said "the banks own the place"? - Peter K.

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Sorry - it should have been "can get away with" in comment above. - fuller schmidt

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