Central Bank Initiative Towards Foreign Trade Deficit Crisis

2. In the last 23 months, the U.S. dollar has weakened on foreign exchange markets, and the doubt is what can the Bush Administration do about it. The reception is that direct intervention in the foreign exchange markets is marvellous to be successful. The amount of money required and the required continuance of the winsome of intervention needed to affect FX rates is huge. The trounce thing the Bush Administration can do to settle the U.S. dollar is continue to take appropriate steps to remediate the fundamental soundness of the U.S. economy. This requires a long term shipment and involves major initiatives such as:

3. Some members of Congress are c wholeing for the erection of backup barriers to protect U.S. jobs. My reaction to this idea is that members of Congress should know better.

The surmisal of comparative advantage teaches us that free trade benefits all parties - that all ships rise with the tide. Trade barriers may protect true jobs in specific industries, but at a price. That price is paid by all American consumers in the haoma of higher prices for imported goods. The real concern with any news of erecting trade barriers is the possibility or reprisals in kind by other nations returning international trade to a time before globalization of trade when countries felt it was in th
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