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I kept the dollar.
This kept the dollar price of their exports low and kept their factories operating.
And that kept the dollar stronger than one might have expected, given balance of payments numbers.
Recessions in the third world and sluggish growth in Europe have kept the dollar up and American import prices down.
This has kept the dollar relatively strong, which helps explain the nation's soaring trade deficits and adds to deflationary fears.
Later, the boy mailed a dollar to the Mayor asking him to return the fountain pen, the Mayor kept the dollar, and also the pen.
Similar(46)
That decision would keep interest rates low and help keep the dollar weak.
But so long as China maintains its current exchange-rate policy, it is, ironically, helping keep the dollar dominant.
Through the record economic expansion of the 1990's, the United States has sought to keep the dollar strong.
(Some even suspect that the Fed itself was behind the effort to keep silver prices low, as a way to keep the dollar's value artificially high).
Why not keep the dollar at its present value while allowing the goods it buys - many of which we don't need anyway - to shrink?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com