Dollar's Freefall May Shift Power

from National Public Radio

The U.S. dollar is freefall after four decades of dominance. It hit an all-time low against the euro, and reached parity with the Canadian dollar for the first time in more than 30 years. Some analysts think this portends a major shift of economic and political power in the world.

Economist Bob Barbera discusses why the U.S. dollar has been falling and why consumers have barely felt the impact with John Ydstie.

Broadcast Dates

• Morning Edition, November 22, 2007