Re: Subsidies ...

From:         schell@condor.psych.ucsb.edu (Terry Schell;x3332)
Organization: Psychology Department, University of California, Santa Barbara
Date:         29 Feb 96 02:04:13 
References:   1 2
Followups:    1
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In <airliners.1996.161@ohare.Chicago.COM> tnguyen@imag.fr (Nguyen Gia Toan) writes:

>To add another argument to the subsidies debate, why not talk about the
>exchange parity between US and European currencies ?
>Economists agree worldwide that the US dollar is not on par with its real
>value in terms of trade markets and economic value on international
>financial markets.
>This looks very much like (not so) hidden subsidies doesn't it ?

Correct me if I am wrong here...

but US currency if free to vary in international markets, i.e., US
currency's value is based on market economics.  If you feel that there
is inequity between European and US currencies, perhaps you should
look carefully at the system European nations use to constrain the
value of their currencies.

Terry
currency.