Archive for July 2nd, 2007

don’t change the currency, change strategy

Posted: Monday, July 2nd, 2007 @ 2:43 pm in Uncategorized | No Comments »

The Chinese yuan is under fire from the United States and its allied world economists. Brilliant men and women with doctorates have decided that China’s trade imbalance will get so large that the only way to control it is to let the yuan become stronger. The logic works like this: For example, if 10 yuan [...]