China Should Call Washington’s Obtuse Currency Bluff
By John Tamny of Forbes If the dollar were remotely strong now, calls from Washington for China to revalue its currency upward would be problematic. But since the dollar’s weak, there’s no time like the present to comply with Washington…
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By John Tamny of Forbes
If the dollar were remotely strong now, calls from Washington for China to revalue its currency upward would be problematic. But since the dollar’s weak, there’s no time like the present to comply with Washington pressure as a way of escaping our devaluationist policies. And as Japan’s soaring exports revealed beginning in the ’70s, a stronger currency does not crimp one’s ability to export despite the broad belief that it does.
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