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> The Fed sets interest rates, not the US government. Who said anything about US gov? If I say "the US sets USD interest rates", responding that "it's not the
by fwdpropaganda 8y ago
> The Fed sets interest rates, not the US government.
Who said anything about US gov? If I say "the US sets USD interest rates", responding that "it's not the US gov, it's the Fed" sounds likes you're using an argument that's often used in a different conversation.
- seanmcdirmid 8y agoYou use US as if it’s some singular person, and of course it isn’t. The US could mean an organization, a government, a market, you never specified. In China, the government control everything, there are no independent bodies. That is a huge difference between the way things work in each country.
- fwdpropaganda 8y agoYou use the Chinese government as if it's some singular person, and of course it isn't.
- seanmcdirmid 8y agoYes, that’s why I said Chinese government and not China.
- fwdpropaganda 8y agoAnd you use it as if it's some singular person, and of course it isn't, just like I use "the US" as if it's some singular person, which it also isn't. So we're both doing the same thing, and you're pointing that thing to me whilst doing the same thing. You used "the Chinese government", I used "the US", we both used it as if it's some singular person, and of course it isn't. Not sure how many more ways I can say this until you get it.
- seanmcdirmid 8y agoIf Xi wants some move to occur in the RMB or Chinese interest rates, it will happen. If Donald Trump wants something to happen it won’t. Yes, the Chinese government is vast, but the power structure is very hierarchical with no checks.
- fwdpropaganda 8y agoThat sounds like the cartoonish view of the Chinese gov that someone who only has any contact with it through western media buys into.
- sameyolo 8y agoIt should sound like that, but unfortunately the point they are making is true.
- seanmcdirmid 8y agoYes, that is exactly a reasonable assessment of how the Chinese government works. The assessment you get from the Chinese media, which I look at a lot having been a long term foreigner in china, is much much worse than that, of course.