Frederic Mishkin: Strong Dollar Will Damage US Economybr Intelligence Squared U.S. Debates - Kaufman Centerbr It's often taken for granted that America needs a strong dollar. When the value of the U.S. dollar is strong relative to other currencies, it becomes attractive to investors and allows Americans to buy foreign goods and services cheaply. But in times of recession, are we better off with a weak dollar that stimulates U.S.