Hi everyone,

    I want to check if this book has a mistake – or if I’m just misunderstanding.

    I just picked up a copy of “In This Economy?” by Kyla Scanlon

    Not far into the book (page 6 – the first chapter) I encountered a sentence that puzzled me.

    ”When the Fed uses its tool kit to strengthen the dollar – meaning that you can exchange it for more money in foreign countries – there are geopolitical consequences! For example, a strong US dollar makes Chinese imports more expensive for American consumers and businesses – so Americans buy less stuff from China”

    I’m confused here – isn’t this the other way around?

    A stronger dollar means the same dollar amount can buy more Chinese goods – at a cheaper price.

    At least this is my understanding.

    Is this a mistake in the book – or have I missed something?

    Is this an error in this economics book?
    byu/starscientist inAskEconomics



    Posted by starscientist

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