in his ECONOMIC REPORTING REVIEW, Dean Baker writes:
>It is worth noting that the dollar has risen in value by 20-30 percent
>against other major currencies since 1996. This increase in the dollar's
>value was in part a result of a deliberate "high dollar" policy of the
>Clinton administration. The high dollar policy has the same effect on the
>steel industry (as well as all other domestic industries) as the United
>States government providing a 20-30 percent subsidy for all steel imports.
does anyone know _why_ the U.S. -- which must refer not only to the
administration but to the Fed -- was pursuing a "high dollar" policy?
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
