Re: How Does Chinese Currency Work?
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So is the argument really that artificially devaluing their own currency benefits them somehow? And hurts us?? How can this be the case? Something must be wrong about either the way he explained things, or the standard analysis. I don't really get all the particulars and would be very interested to hear somebody that does summarize the situation.
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Don't forget that its not the Chinese devaluing their currency, its a very small isolated group devaluing their currency (if what you describe is true).
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Right... this is the only kind of thought-line that makes it start to make since to me. If devaluing their currency in this way somehow allows the people in charge to trick their people into working for less true value... I suppose that would make sense... but this still seems not quite right. I just don't get what's happening, and google searches aren't helping very much, partly because I don't know what to search for exactly.
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