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Krugman: It's America That Has China Over A Barrel, Let's Take Advantage Of it
- mikecane 17y agoSo, they pressure China to revalue its currency. And what does that do to the prices of the all of the goods manufactured over there and imported here? I don't think an iPad, to take a prominent example, would go down in price after that. Price hikes like that would be a bigger drag on the world economy than the present situation.