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Richmans' Trade and Taxes Blog
Krugman on China currency
Howard Richman, 3/17/2010
Comment by Hal, 3/20/2010:
Trying to force China to revalue its currency won't do the US much good, since if it did, we would merely shift our buying to other cheap Asian suppliers. It would however be harmful to China and I doubt China would find that acceptable. Krugman is one of those who blames America's problems on others, rather than on itself, where the blame should be placed.
Response to this comment by Howard Richman, 3/20/2010:
If the United States shifted its buying to other suppliers who did not practice mercantilism, such as Mexico, then it would do a lot of good. The Mexicans don't manipulate currencies. When they get richer, they buy more American products.
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- Rogoff predicts a U.S. Debt Crisis
- Morici expects good jobs report on Friday
- Lies, Damned Lies, and Chinese Statistics
- U.S. Corporations not helping China avoid Krugman's tariff
- Sidney Sherman traces start of America's decline to giving away our manufacturing to Asia
- Volcker is realistic about China
- Carbon tax: Sarcozy backs off, Sen. Kerry pushes forward.
- Peter Morici: Our current China policy is "appeasement"
- Krugman vs. Roach on US-China trade deficits
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- Krugman on China currency
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- 130 Congressmen sign letter to Treasury and Commerce Departments asking them to address Chinse currency manipulations
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- Washington Post: There's nothing that we can do about Chinese mercantilism
- U.S. exports down in January
- GreenJobsGate
- The Obama Administration's Agenda to Balance Trade
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- Bipartisan group of fifteen senators call upon Commerce Department to investigate China's currency manipulations
January 2010
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