4 ms·
Well, I guess that's true. Nearly everyone is a currency manipulator. But also, as you yourself said, it's more of a point of political convenience right? If it
by bilbo0s 7y ago
Well, I guess that's true. Nearly everyone is a currency manipulator. But also, as you yourself said, it's more of a point of political convenience right? If it serves our purposes to designate china as a manipulator, then who cares if everyone else manipulates too?
Serious question.
I mean, would it matter?
- wallace_f 7y agoIt helps certain export business interests and generally hurts domestic consumers. It is in US consumer's interest to not devalue our currency. If china does it, it means we buy their stuff cheaper, but our stuff is more expensive to them and also in relatigve terms. Just more government, corporatist cheating and cronyism which has come to define modern politics but not modern political awareness. Also, think about this long enough and you realize how abusive the Federal Reserve is to the average US consumer. I mean, the Fed in the last 10 years ran up a 4 trillion balance sheet of fresh free money, at least go buy healthcare or something good with it and not this circle jerk of lending it to Wall St and buying US debt with it.