Paul Krugman bemoans the Chinese peg to the dollar as mercantilism and reflects on the wonders of a strong Chinese currency for the American economy. He’s crazy. The Chinese peg is the only thing keeping our first-world standard of living afloat.
China is not the issue here, Dude. |
| By: barredrock Sunday January 3, 2010 6:24 pm |
Paul Krugman bemoans the Chinese peg to the dollar as mercantilism and reflects on the wonders of a strong Chinese currency for the American economy. He’s crazy. The Chinese peg is the only thing keeping our first-world standard of living afloat.
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