The Chinese Dollar Peg -- the New Chinese Opium(blindreason.org)

8 pointsby jboydyhacker16 anni fa1 comments

The Chinese Dollar Peg -- the New Chinese Opium

http://www.blindreason.org/2010/03/chinese-dollar-peg-new-chinese-opium.html

1 comments

simc16 anni fa

Slapping a 25% tariff on Chinese imports would be a terrible move from a diplomatic point of view. The CCP's main pillars of legitimacy are the economy and protecting national honour. If the U.S. put a 25% tariff on Chinese imports the CCP would likely hit back hard or else they would look weak to the Chinese public. Mr Krugman should think of who lends the money to pay for U.S. deficits.