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s a strong U.S. dollar a good thing, or is it overrated as a policy goal? Some argue that a policy aimed at keeping the dollar strong would hurt U.S. economic growth because it would make American goods and services more expensive, lessening global demand for them. Others say having a weak and unstable unit as the basis of the economy makes commerce harder and creates financial bubbles that then burst disastrously.
Four financial experts recently took on the topic in anIntelligence Squared U.S. debate, facing off two against two on the motion: "America Doesn't Need a Strong Dollar Policy." Before the Oxford-style debate, the audience voted 24 percent in favor of that motion, while 29 percent were against and 47 percent were undecided. Afterward, 54 percent of the audience agreed that the U.S. doesn't need a strong dollar policy, while 37 percent disagreed — making the side arguing in favor of the motion the winners.
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