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Zachary Karabell: Krugman Is Wrong: Why China Won't Revalue


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- unch I'm a Fan of unch 14 fans permalink

"Such an act would be both arrogant and foolish. In the world today, the United States can afford to be neither. Let's hope we remember that." Wonder what percentage of folks has any idea on this score? Hope US can afford to do both again, one day soon...

    Reply    Favorite    Flag as abusive Posted 08:08 PM on 10/24/2009
- escobar I'm a Fan of escobar 15 fans permalink

Free trade has always been a lie.

    Reply    Favorite    Flag as abusive Posted 08:06 PM on 10/24/2009
- Nakona I'm a Fan of Nakona 12 fans permalink

Just blows my mind that economists continue to perpetuate this myth that somehow the terror of two economies morphed into what it is - when it is patently clear that the US corporatio­ns/politic­ians are the architects of this arrangement, with China being allowed to participate.

Stop the spin already, we already know they wanted to move GM's assets to China too.

    Reply    Favorite    Flag as abusive Posted 05:44 PM on 10/24/2009
- Sundialsvc4 I'm a Fan of Sundialsvc4 136 fans permalink

There is a huge difference between "what happens on paper" and what -actually- happens in the hulls of oceangoing ships ... in (closed) American factories ... and so on.

On paper, we may soon be exceeding the capacity of Microsoft Excel to store more zeroes to the left of the decimal-point. (Not really, of course.) But "all those zeroes" mean precisely what all zeroes mean.

    Reply    Favorite    Flag as abusive Posted 03:16 PM on 10/24/2009

20% tarrif on Chinese goods immediately.
Going 10% each year.

    Reply    Favorite    Flag as abusive Posted 01:17 PM on 10/24/2009
- Antiks I'm a Fan of Antiks 20 fans permalink
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That would be a disaster. We import all kinds of things from China, so the price of goods we be even more expensive. That would also provoke a trade war.

    Reply    Favorite    Flag as abusive Posted 01:44 PM on 10/24/2009
- masher I'm a Fan of masher 28 fans permalink

I love how afraid Americans are. They scared us into war with Iraq. And they scared us into the bailouts. "Oh, we have no choice but to give them billions"

And now with trade its the same surrender monkeys. "It will start a trade war." America is a nation of cowards! Left and right. Both are cowards!

    Reply    Favorite    Flag as abusive Posted 05:25 PM on 10/24/2009
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