China's Mercantilism: Selling Them the Rope

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"The Capitalists module sell us the fastening with which we module secure them." Vladimir Illyich LeninHere is Paul Krugman with a fairly beatific explanation of what happens when countries 'manage' their currencies lower. It provides a boost to exports and an impediment to imports. It is not such assorted than restraints of trade like tariffs and subsidies.This is not higher math. A some ultimate price/ be Sure you bookmark this page. Thanks...
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