2 ms·
and that would cause a run from the yuan, right?
by dev1n 11y ago
and that would cause a run from the yuan, right?
- vkou 11y agoI'm not sure - it will, however, make it more expensive for the US to sell new bonds. (Why lend Uncle Sam $100 at a 1% interest rate, when you can buy a piece of paper that says Uncle Sam will pay you $100 next year for $98 from China?)