EconWatch.com > The Inflow of Capital to America Is Public Sector, Not Private Sector

[Brad DeLong's Semi-Daily Journal] RGE - Martin Feldstein is right: Felstein has argued that more "competitive" dollar would contribute to reducing the US trade deficit, and at least help to slow the rise in the US current account deficit. I agree -- though I would think the case for Asian and Gulf appreciation is stronger than the case for Euro appreciation.

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[Economist's View] Feldstein: U.S. Needs a More Competitive Dollar... : In this Wall Street Journal commentary, Martin Feldstein argues that the dollar needs to depreciate, or become more competitive to use his terminology, and that it is possible for this to happen without stoking the inflation fires. The two main reasons for hoping the dollar will decline against other currencies, he says, are to prevent an even larger and potentially more problematic fall later and more importantly, to stimulate net exports to ensure continued economic expansion in the face of decline in other sectors such as housing:

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