The natural progress of things is for government to gain ground and for liberty to yield.

- Thomas Jefferson

Third World America

Embracing the strength of the dollar, it has been a long standing tradition for merchants in third world countries to accept payment in US dollars--it was a more reliable, stronger currency. As we work our way to third world status while we weaken the dollar, some merchants in the US are now accepting euros.

The increasingly weak U.S. dollar, once considered the king among currencies, has brought waves of European tourists to New York with money to burn and looking to take advantage of hugely favorable exchange rates.

"We didn't realize we would take so much in and there were that many people traveling or having euros to bring in. But some days, you'd be surprised at how many euros you get," Chu said.
[Read]

Where is that fiscally conservative presidential candidate? Does anyone care?

posted at 15:01:03 on 02/07/08 by clearpolitics - Category: Economics - [Permalink]

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