Pat Buchanan’s recent attempt to diagnose the sinking dollar demonstrates that ignorance of basic economics is not limited to the Left.Buchanan points out the plummeting value of the dollar relative to other currencies and major commodities such as gold (up 24% this year) and oil (up over 50% in 12 months). He then declares that "the prime suspect in the death of the dollar is the massive trade deficits America has run up" to "maintain her standard of living and to sustain the Ameri[...]
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[Source: The Money Blogs]
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