Thursday, March 27, 2008

The worthless Buck!

I believe that the falling US dollar may actually be good for America in the long run. Several reasons:
  1. Exports of American Goods will appear cheaper to other countries, therefore resulting in more competitively priced American goods.
  2. Imports of Foreign Goods will increase in price (eventually), resulting in pressure to produce more goods domestically.
  3. Cost for American workers are getting cheaper relative to the rest of the world causing outsourcing to be less attractive.
  4. Rising energy prices make renewable energy sources much more attractive.
  5. Rising oil prices may provide enough incentive for someone to invent a viable alternative (And allow America to wane itself off Mideast oil!!!

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