Making Sense of the Dollar: Exposing Dangerous Myths about Trade and Foreign Exchange
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1 Myth 1: The Trade Deficit Reflects U.S. Competitiveness.
2 Myth 2: The Current Account Deficit Drives the Dollar.
3 Myth 3: You Can't Have Too Much Money.
4 Myth 4: Labor Market Flexibility Is the Key to U.S. Economic Prowess.
5 Myth 5: There Is One Type of Capitalism.
6 Myth 6: The Dollar's Privileged Place in the World Is Lost.
7 Myth 7: Globalization Destroyed American Industry.
8 Myth 8: U.S. Capitalist Development Prevents Socialism.
9 Myth 9: The Weak U.S. Dollar Boosts Exports and Drives Stock Markets.
10 Myth 10: The Foreign Exchange Market Is Strange and Speculative.
11 Summary and Some Thoughts on the Way Forward.