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  • Currency Fluctuation and Manipulation [View article]
    "What we should not do is start a cycle of devaluation competition or protection for domestic import-competing sectors of the economy. If that occurs, look for nations to call for bounded exchange rate pegs."

    you did suggest a tobin tax. there are many articles that warn of protectionism and barriers to trade. it seems like all the avenues to correct these imbalances have a reason why it should not be done.

    i am really interested for somebody to explain how we are ever going to have balanced trade if we keep rejecting every mechanism to correct this problem.

    Jan 25 03:48 am |Rating: 0 0 |Link to Comment
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