An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Pages
▼
Pages
▼
Wednesday, August 12, 2015
Matthew C. Klein — You call *that* a devaluation? *This* is a devaluation
The significance wasn't the relative size of the devaluation but the fact that China was willing to finally do it. I find that China adopts free market 'forces' when the forces do what Chinese leaders want to have happen anyhow.
The significance wasn't the relative size of the devaluation but the fact that China was willing to finally do it. I find that China adopts free market 'forces' when the forces do what Chinese leaders want to have happen anyhow.
ReplyDeleteThe prerogative of a sovereign is picking the time of one's choosing.
ReplyDelete