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Stephen Pollard

ByStephen Pollard, Stephen Pollard

Opinion

Currency idiocy

April 23, 2008 24:00
1 min read

I rather like Dave Hill's stuff. But this video blog at CiF has to be one of the most stupid things I've ever seen:

Er, no. We like a strong pound against a weak dollar if we want to import things from the US. And that's it. Anti-American? Makes us feel superior? Only if you're an idiot. The exchange rate is a price. That's all. That's why it's called a rate of exchange.