Currency manipulation vs. trade deficit

Reader comment on: The Times, the Dollar, and the Renminbi

Submitted by nerdbert (United States), Aug 12, 2011 03:23

I believe what the NYT is trying to say is that in the US case, replying to a clear instance of manipulation to negate its effects really just resets the balance, although since it will hit all our trading partners some of them may not like the policy even if it is squarely targeted at China. Naturally they say this poorly because I doubt they've thought it through enough. And as much as I hate to say it, given our trade deficit I think they're right.

Now look what you made me do: I have to go wash my mouth out with soap. Saying I agreed with an editorial in the NYT affects me that way, and making me defend their reasoning makes it all the worse.

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