Friday, November 05, 2010

We Are Scared Of China

With the midterm elections behind us, a full two-year presidential campaign has in effect begun. One of my burning questions at the outset of what is bound to be a painful process is whether Democrats or Republicans will set the pace when it comes to playing the "China card." You know how it goes...America is going down the toilet and the age of Chinese domination is almost upon us. (You'd better learn some Mandarin!) Click here to see the first effort at ratcheting up rhetoric...



At 7:48 PM, Blogger Leslie said...

What do you think of the whole currency manipulation thing? Chris explained that to me a few times (I keep forgetting the details) and it seems totally scary for the future of American economics.

At 8:41 AM, Blogger The Balla Family said...

The question is not whether the RMB is undervalued or not (it is--which is good for those of us who travel to China!). It's the extent to which that undervaluing effects things like American exports and economic growth in general. It seems like there is some debate on this among economists, in that there are arguments that a stronger RMB would not have the impact many politicians in DC expect.


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