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Making sense of the dollar : exposing dangerous myths about trade and foreign exchange / Marc Chandler.

by Chandler, Marc, 1961-

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New York : Bloomberg Press, 2009.

Foreign exchange -- United States.

Dollar, American.

Balance of trade -- United States.

9781576603215 (alk. paper) :

1576603210 (alk. paper)

xxv, 212 p. : ill. ; 24 cm.

Myth 1: the trade deficit reflects U.S. competitiveness -- Myth 2: the current account deficit drives the dollar -- Myth 3: you can't have too much money -- Myth 4: labor market flexibility is the key to U.S. economic prowess -- Myth 5: there is one type of capitalism -- Myth 6: the dollar's privileged place in the world is lost -- Myth 7: globalization destroyed American industry -- Myth 8: U.S. capitalist development prevents socialism -- Myth 9: the weak U.S. dollar boosts exports and drives stock markets -- Myth 10: the foreign exchange market is strange and speculative -- Summary and some thoughts on the way forward.

"Making Sense of the Dollar explores the many factors--trade deficits, the dollar's role in the world, globalization, capitalism, and more--that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose"--Provided by publisher.

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