But, according to this view, as the dollar’s value declines, US exports will become more attractive to foreigners and American employment will rise, with labor re-allocated to the newly-vibrant export sector. It will be like what happened in Britain after it abandoned its exchange-rate peg and allowed the pound to depreciate relative to the Deutschmark , or what happened in the US in the late 1980’s, when the dollar depreciated against the pound, the Deutschmark , and – most importantly – the Japanese yen.
可是按照上述观点，随着美元价值的下滑，美国出口对国外的吸引力就会增加，美国的就业也将增长，劳动力会被重新分配到重新赢得活力的出口部门。这种情况将与放弃固定汇率并允许英镑对德国马克贬值后英国的状况非常相似，或者可以类比20世纪80年代的美国，当时的美元对英镑、德国马克特别是日元都出现了大幅度的贬值。