Krugman: America Needs a Weak Dollar

Thursday, October 15, 2009 9:46 AM
By: Gene J. Koprowski

Despite fears voiced by many, the falling dollar is actually good news for the U.S. economy, says Nobel Prize winning economist Paul Krugman.

“For one thing, it’s mainly the result of rising confidence: the dollar rose at the height of the financial crisis as panicked investors sought safe haven in America, and it’s falling again now that the fear is subsiding,â€