Money Money Money
We've seen this headline so many times in the last year, I've lost count:
So where does the euro now stand? It takes more than a buck and a quarter to buy one.
Let's put that into a perspective I can understand. I went to Germany in 1984, when on a good day, you could get 2.80 Deutschmarks for a dollar. Then came the Great Devaluation, when our twin deficits (current accounts and federal spending) caused the dollar to drop to about 1.80-2.00DM. When the euro went into effect, it was worth about two DM
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URL to article: http://pjmedia.com/vodkapundit/2003/12/30/money-money-money-4