Libertarian Jackass

"Life is short, but truth works far and lives long; let us speak truth." -- Schopenhauer

Thursday, March 10, 2005

DOING THE DOLLAR A FAVOR?

I'm a bit annoyed by the current flood of commentary and news coverage on the U.S. dollar. Now, why would a central bank dump dollars and encourage an appreciation of the domestic currency (against the dollar)? It seems to be in their best interest to continue to hold dollars.

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