The next big political issue? The U.S. dollar — James Pethokoukis
The state of the dollar probably hasn’t been a first-tier political issue in the United States since, say, the presidential election of 1896. Back then, it manifested as whether or not America would stay on the gold standard or switch to a bimetallic one. (The William Jennings Bryan “cross of gold” speech and all that.)
The aftershocks of the global financial crisis may now be propelling the dollar back to the political forefront. The greenback’s continuing slide makes it a handy metric that neatly encapsulates America’s current economic troubles and possible long-term decline. House Republicans for instance, have been using the weaker dollar as a weapon in their attacks on the Bernanke-led Federal Reserve.
Related Posts:
- Criticism from both parties of Fed Chairman Ben Bernanke
- Financial Times: Bernanke reassures markets on dollar
- Larry Kudlow — Save the Greenback, Mr. President
- Health Care Reform and the Threat to the Dollar — J.D. Foster
- Alice Schroeder in Bloomberg: Warren Buffett Is Less Bullish on U.S. Than You Think
