🚀 go-pugleaf

In <HARDY.92Sep6231009@golem.ps.uci.edu> hardy@golem.ps.uci.edu (Meinhard E. Mayer (Hardy)) writes:

>With the current DM/OS/USD ratios NeXTs in Europe should be outright
>bargains.  Something is wrong if prices don't fall together with the 
>Dollar! (Isn't that the purpose of keeping the dollar low? ).
>--
>Hardy 
>-----

Purpose??  I think you're assuming here that our enlightened leadership
*chose* to create the low $.  Doubtful, since it seems this group has
no "purpose"  at all other than to cling to power.

Sorry to venture off into alt.* group territory.  It is true that from
NeXT's point of view the weak dollar could be quite helpful (assuming their
German costs are relatively low), but studies have shown that prices for 
imported goods fall relatively slowly as a currency rises --- there are 
usually many layers of middlemen in imported goods, and each takes the 
opportunity to increase his profit margin.  Only as other competitive 
forces come into play do prices tend to fall.  Just think back to the 
(halcyon) days when the dollar was strong.

tom