Unsubstantiated Claims « Modeled Behavior

Somehow the press long ago adopted the metaphor of strong vs. weak currencies which leads to poor judgments about what is good for the economy. People automatically assume that strong is good. But a "strong" currency is overvalued and hurts economic growth by reducing export earnings and reducing savings (by making goods cheap). An overvalued dollar is not really a strength, it is a overweight dollar:

Unsubstantiated Claims « Modeled Behavior:

...the Fed for good reasons does not have a mandate to maintain a strong dollar. I wish I could devote more time to this. My wife says that we could clear up a lot of confusion by replacing strong dollar/weak dollar with fat dollar/skinny dollar. Then we could just say that the dollar is morbidly obese and millions of Americans would immediately think it a moral imperative to make the dollar lose weight.