1. The Dollar and the Deficits
- Author:
- C. Fred Bergsten
- Publication Date:
- 11-2009
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- The global economic crisis has revealed the folly of large U.S. budget and trade deficits, as well as of the strong dollar that makes them possible. If it is serious about recovery, the United States must balance the budget, stimulate private saving, and embrace a declining dollar.
- Topic:
- Economics and Monetary Policy
- Political Geography:
- United States