Looking for the Good

With the difficulties and struggles of the U.S. economy, it's important every once in a while to look on the bright side. One of the things I've learned through a bit of light reading recently is with regards to the weakness of the dollar compared to some foreign currencies. Raphael Amit, a professor of entrepreneurship at the Wharton School at the University of Pennsylvania said, “It is one of the things that will help prevent a recession. When the dollar is weak, imports are more expensive. So relatively speaking, domestic production and services are more competitive. Simple as that.” Sure, the weak dollar lessens what can be bought within the global market, but it does serve to stimulate our struggling economy by putting American businesses on a more equal footing with cheap foreign competitors. It's just one of many bright spots forming in what has been a dark landscape of national economic woes.