Tag Archives: currency manipulation

Why No One Should Take the ‘China Currency Manipulation Bill’ Seriously

July 21, 2010

The U.S. House plans to debate legislation authorizing trade sanctions against China for currency manipulation. It’s an election year, and useless posturing is to be expected.

Is Obama Getting Played By China?

April 5, 2010

The journalistic sport of the weekend was generating lots of column inches about the US-China diplomatic dance over the RMB and Iran sanctions. Wonderful story. You have the ominous problem of nuclear proliferation and upcoming multilateral meetings focused on Iran. Then there’s the value of the RMB, repeated rhetorical and legislative threats over the issue […]

What’s Next From D.C. on the RMB? A Lot More Talk

April 1, 2010

Chinas fixed exchange rate against the US dollar continues to be blamed by a large majority of US lawmakers for helping to create global economic imbalances and stealing jobs from US industries, notably manufacturing. (FT) The rhetoric has never been this heated before, but that doesn’t necessarily mean that D.C. is actually going to do […]

US-China Debate Over RMB is a Prisoner’s Dilemma

March 26, 2010

Never thought about it before in those terms, but it does make some sense. The Prisoner’s Dilemma is, of course, the classic scenario used in Game Theory, usually taught in economics or political economy classes, involving two people in police custody following the commission of a crime. The model is used in introductory level classes […]

The Latest US-China Currency Spat: All You Need to Know About US Politics

March 16, 2010

No econ knowledge necessary to understand this one. There is an election coming up in the US this Fall and, although the economy is growing, it is a jobless recovery. In other words, people are upset and Obama/Democrats are feeling the heat. Good summary of the issue here: [T]he real problem is the way the […]