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2007-12-24 08:31:31 · 9 answers · asked by ninjariderzx10 1 in Social Science Economics

9 answers

The best way to make the dollar stronger would be to buy less goods abroad and sell more of our goods to foreign nations. It sounds easy, but it is very difficult because of our tremendous dependency on foreign Oil.

2007-12-24 11:36:46 · answer #1 · answered by Mr.B 4 · 0 0

To make the US dollar stronger, the Government needs to withdraw money from the country so that there is an artificial shortage of the currency and its price or exchange rate increases.

Another way would be to "take away" appreciation.

2007-12-25 00:25:59 · answer #2 · answered by Royal Horse 5 · 0 0

A strong dollar is not a good in and of itself. The strength of the dollar is a reflection of world opinion of the strength of the nation's economy -- i.e. is the nation a place of sound investment opportunity?

We could reduce taxes but we must reduce spending.
We need to take control of the regulators --- when it takes over 5 year to dismantel a 14 story building --- we have too many people with government funded jobs.
We need to make public service short term --- people ought not work for the government IMO more than 10 years.
We need to encourage thrift and stop rewarding debt. If every person stopped spending on credit and our saving rate increase --- our dollar would be very strong.

2007-12-24 14:58:28 · answer #3 · answered by KarenL 6 · 1 1

Stop exporting skilled manufacturing and the jobs that go with it.
Stop buying junk from China to reduce the huge trade deficit the US has with that country.
Do a proper evaluation of US trade and globalisation policies to assess their impact on the exchange rate and change policy accordingly.
Get out of Iraq to stop the financial bleeding , cut defence spending and rescind tax breaks fot the rich and corporate to get the deficit under control.
Ignore presidential candidates and others ignorant of economics who advocate a return to the Gold Standard. There are no easy, quick fixes.

2007-12-24 16:46:44 · answer #4 · answered by tiger 3 · 2 0

A strong dollar isn't necessarily a good thing. Foreigners have to exchange their currencies to dollars to buy US goods, so if we make the dollar stronger (by raising interest rates, say), we sell a lot less and our loans are a lot harder to get at home.

In a nutshell, we could have the strongest currency in the world and be flat broke.

2007-12-24 08:37:19 · answer #5 · answered by Anonymous · 0 2

In short?

You should choose a government which strives to achieve stable budget and stable trade accounts.

Hweover, US isn't a democracy... in true sense. Rich and wealthy rule and push laws to protect themselves, while beggars number and uninsured are exploding.

Europeans laugh at US "democracy".

2007-12-24 09:37:31 · answer #6 · answered by Filip 2 · 0 1

Back Presidential candidate Ron Paul.
He wants to implement competing currencies, some would be backed by Gold, or be Gold itself.
For about 5,000 years Gold or a form of it has proven to be the strongest, most stable medium of exchange.
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2007-12-24 12:19:24 · answer #7 · answered by beesting 6 · 1 1

wrap each bill in clear packaging tape. that'll make it really strong!

2007-12-24 08:36:54 · answer #8 · answered by cowboydanimal 4 · 2 1

Work hard .. and love country ..

2007-12-24 08:39:23 · answer #9 · answered by Virus 3 · 1 1

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