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Are there better terms to use than "strong" and "weak" when it comes to this stuff? One of the problems with using those is the emotional impact of those words.
by st3v3r 10y ago
Are there better terms to use than "strong" and "weak" when it comes to this stuff? One of the problems with using those is the emotional impact of those words. A Strong currency makes your goods more expensive for people around the world, so you'd want to Weaken it. But nobody wants to say, "I want to weaken our currency." People want a Strong currency. It sounds good. "We're strong."
- snrplfth 10y agoExactly. See also: "trade deficit/surplus" and "value". Economists use all sorts of jargon that really does not convey to the layman what it actually means.