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German Finance Minister: 'The US Has Lived on Borrowed Money for Too Long'
- pdelgallego 16y agoPrint friendly format: http://www.spiegel.de/international/world/0,1518,druck-727801,00.html http://www.spiegel.de/international/world/0,1518,druck-72780...
- hfinney 16y ago"It's inconsistent for the Americans to accuse the Chinese of manipulating exchange rates and then to artificially depress the dollar exchange rate by printing money." Not really. China has a large and growing trade surplus, due in part to currency manipulation. The U.S. has a huge trade deficit. That is evidence that the dollar is over-valued. Printing dollars will help bring global trade into balance, while China's actions preserve imbalances.
- drats 16y agoI was going to write up a rant on Germany's relationship to the euro but it appears someone else has done so: http://open.salon.com/blog/timinglogic/2010/10/25/germany_one_of_the_worlds_biggest_currency_manipulators_accuses_us_of_currency_manipulation http://open.salon.com/blog/timinglogic/2010/10/25/germany_on...