Letters, Mar. 19, 1973

Who Devalued the Dollar?

Sir / The American dollar was not devalued by George Shultz [Feb. 26], Richard Nixon or any other world monetary leader. It was devalued by the American people. We have beaten a path to German and Japanese doors because, quite simply, foreign goods are more attractive to buy and own than some shoddy American items. Producers in the country should stand on their own merits, not on a platform supported by protective tariffs and artificial barriers.

STEVEN K. PETTERSON Playa del Rey, Calif.

Sir / If, as George Shultz proclaimed...

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