Quote:
Originally Posted by bizaro86
If you know the appropriate level for the exchange rate, then I agree. We should quit using a floating system, and switch to a pegged rate, which can be decided by you. That way, you'll always be able to let us know what the rate should be.
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As long as the two economies are so enmeshed it will tend to 1-1, its as much psychological as anything else, a dollar is worth a dollar in peoples minds.