Annual Clausen Center Debate

The Lion and the Rose Redux - "The Incredible Shrinking Dollar" *

Haas Professor Andy Rose and Dean Rich Lyons are setting up for a re-match on the timely topic,"The US Dollar: Will the bottom fall out?" at the annual Clausen Center debate.

Lyons on the No side: "Anybody peddling the view of major crisis in the dollar is reading too much sensational press. Simple efficient markets logic tells us that if the dollar were headed for a big fall, and everybody knew it, it would fall right away. It's a little sad that Professor Rose doesn't seem to be able to apply the skills and knowledge that all economists and Haas graduates possess."

Rose on the Yes side: "My colleague Professor Lyons is the quintessential ivory-tower academic. That I've known for a long time now. What stuns me--I mean really stuns me--is that as an international economist, he fails to appreciate that we operate in a global economy. That global economy is producing powerful forces for a dollar fall. I look forward to a little consciousness-raising at the debate."

See Also
Full Debate Video Coverage (Real Media)

*From Newsweek's March 21st cover article by Robert J. Samuelson "The Incredible Shrinking Dollar - What it means for America's Future - And Yours."