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"currency manipulation" is what china is doing to the yuan. the entire purpose of their open market operations is SOLELY to devalue their currency in order to expand export growth.

in the US, the fed's aim is not SOLELY to devalue the US dollar. it is to increase consumptive demand and reduce borrowing costs and smooth out the money markets. the effect on the currency is ancillary and certainly not the main thrust of the policy.


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This seems like a contradiction to me. You're saying China is trying to acheive one goal (expand export growth) and so they are doing something to their currency (keeping it devalued). You say this is bad.

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I missed the part where he said it was bad. Could you show it to me?

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Then you say the US is trying to acheive a different goal (increase consumptive demand and decrease borrowing cost) and that they are doing something else to their currency.

How is this better?

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I missed the part where he said it was better too. Could you show that to me?