Tuesday, February 18, 2020

Trump’s “Currency Manipulation” Con — Anne O. Krueger

The long-awaited "phase one" deal between the United States and China has not ended US trade warfare. Instead, President Donald Trump's administration has devised yet another tool with which to tilt the playing field against foreign competitors, all but ensuring that damaging and unnecessary trade conflicts will continue.
The US is all for "free markets, free trade, and free capital flows when it  benefits the US elite, but not so much when the table turns as US firms are outcompeted. Ain't capitalism great! (snark)

Project Syndicate
Trump’s “Currency Manipulation” Con
Anne O. Krueger | Senior Research Professor of International Economics at the School of Advanced International Studies, Johns Hopkins University, Senior Fellow at the Center for International Development, Stanford University, and former World Bank chief economist and former first deputy managing director of the International Monetary Fund 


Peter Pan said...

11. Thou shall not buy anything from China.

S400 said...

12. Thou shall by it from AliExpress.