Read The Dollar Is Falling, and That’s Good News By TYLER COWEN (NYT 12/2/07)

 

1) Why does it “look bad” when the dollar is weak or falling?

 

2) If not its currency, what truly determines the prosperity of a nation?

 

3) How does the weakness of the dollar reflect the success of “other regions” (Europe, Canada, China)?

 

4) How does the falling dollar cause inflation in the US?  If this was true, is it an issue for the US economy?

 

5) What are the advantages of a weak dollar? Which part of the US economy is booming due to the weak dollar?