Tag Archives: tariffs

The U.S. Senate China Currency Bill: Tired Political Theater

October 4, 2011

I’ve been putting off a post on the topic of the current U.S. Senate bill that would punish China for the value of the RMB. I’ve been writing about this topic for at least eight years, so I’m reluctant to drag out all the old econ, trade and politics issues. That would make for a […]

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 […]