U.S. President Joe Biden is getting plenty of advice on how to better prepare the U.S. to compete with China. Suggestions run from stepping up U.S. research and development (R&D) efforts to devaluing the dollar to getting tougher with China. To sort these suggestions out, he and...
The dollar often strengthens as a result when foreign investment enters the U.S. All this global demand for dollars helps to offset dollar weakness due to the trade deficit. That's not to say that the trade deficit can't weaken the dollar but it's difficult to pinpoint whether any weakne...
At the time, banks were also not usingmark-to-marketaccounting, which required the value of assets to be continuously adjusted to reflect their true value. So banks were not devaluing their assets on their books if they lost value, making them look more profitable than they actually were. Ho...
Freedom to do pretty much whatever you want, almost anytime you want and let the Internet pay for it! It's this same kind of freedom you can achieve and I'm so sure of it I'll place $250.00 of my own money on the table as a kicker. (I'll explain more about this unprecedented...
This is all hard to predict, but this thinking feels true to the AI trend line we’ve all seen in the past couple of years: steady improvement across domains. For argument’s sake, let’s assume AI will reach human levels in key design skills, devaluing and replacing most production work...
Australian Dollar Vs US Dollar The factors that would cause a currency to depreciate is when there is a fall in the world price of a country's major export. This leads to a decline in export revenues and a fall in overseas demand for the exporting nation's currency and demand for a cur...
experiencing some of the highest inflation in the country’s history after a decade of global oil supply shocks, easy monetary policy and expanding government borrowing. The convertibility of the dollar into gold had recently been suspended, and this had th...
Understand today’s current monetary system, which developed after the Bretton Woods Agreement collapse. Why do economies need money? This module definesmoneyas a unit of account that is used as a medium of exchange in transactions. Without money, individuals and businesses would have a harder tim...
The U.S. government seems to have missed an historic opportunity to win the race for monetary supremacy in the world (that would have secured the "reserve currency" status for the dollar for the 21st century regardless of Chinese ambitions). The ineptitude of Fed and Treasury officials concerni...
If a country exports less than it imports, how does this affect the current account? Under what circumstances are there no benefits from a country specializing and trading with other countries? What would be the advantages of the U.S. dollar remaining the primary cu...