The world has known various exchange rate regimes and many countries today go about exchange rate policies in differing ways. The Gold Standard was used in the past as was the Bretton Woods System (late 1940 to early 1970s). Today, some countries use a so called "crawling peg" while others actually fix their currency to another's currency. Obviously there are several choices available. After a proper review (see above steps #1 and #2 and review appropriate electronic sources), please argue for a proper exchange rate policy for the United States. Keep in mind that the US dollar has been falling in value for the last few years. (That may or may not be good or bad in your opinion.)
