The value of money

With the increase in the U.S. deficit and national recession it is no wonder people know whether to place value on money anymore at all. Both sides of the coin has it's up-sides and down sides. For example, a lower dollar value would increase our exporting business by making our products easier to purchase by nations around the globe. Increased business would then further increase the demand for our exports as they have not in the past been attainable to the high labor costs associated with products and services provided by this country. This would expand the market of consumers that would not have previously known about U.S. brands and companies and create a larger demand.

Their expansion is extremely useful and one example of this is the United States with most of our products deriving from China which has expanded its markets by keeping production costs down. China has cut the costs of exported goods such as tariffs, duties and labor so that they remain the best option for international businesses. Not only has China cut costs as low as possible, but they have been scrutinized for keeping the value of the Yuan as low as twenty percent less than those of the global market. This was done in order to guarantee their place as the world‘s largest exporter.

If the value were to be increased after the demand has risen, it could help to pay for a lot of the debt that has accumulated over the past decade due to our economic fall of recession, low turnout on exports, and the wars being fought around the world. This bounce back would help the U.S. economy to bounce back from the sky high deficit and keep it known as one of the world’s leading economic countries and economic force.