A stronger dollar swells prices
The dollar can do no right, at least in the eyes of Europeans. When the greenback was plummeting almost daily last year, moneymen in strong currency nations like West Germany and Switzerland screamed that their goods were being priced out of the U.S. market. Now their complaints have changed. The newly revived dollar, strengthened by Jimmy Carter's rescue operation last November, is quickening the inflationary pace all around Europe. As a result, Germany, Switzerland, France, Britain and Italy are suffering a severe case of racing prices.
The key culprit, of course, is not the...
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