RICHARD JAMES SWEENEY
Surplus, and the Future
of the Dollar*
Reasons behind the devaluation of the dollar. OPEC's foreign assets. Energy problems and devaluation in Germany, Switzerland, and Japan. Conservation policies. The effect of economic growth. The Carter policy on oil. Free market policies and the balance of payments. OPEC wealth and Western financial markets. The 1978-1982 forecast.
Over the past two years the foreign exchange value of the dollar has hit new lows more than two dozen times against____________________