rlirph

China and Its Predatory Currency Policy

Each country has its own best interests in its policies. It is great to see the China government has finally done something good for its own citizens, that is improving their quality of lives, even though they are still decades behind us. You can sense that their people are happier now than ten years ago. Can you say the same thing about us? We are facing the same old problems when I was in college forty years ago - twin deficits - fiscal and trade deficits. We are unwilling to have fiscal discipline (government and citizens) and unwilling to sacrifice (like drive a smaller car or to save) that has led us to our present situation. Unfortunately we have forty years to create the problems. The problems will not go over overnight...

A US Expat Living In Guangzhou