Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/currency pegs

What’s in a name?

…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

Internal Devaluation ?!?

…to pay back in cheaper currency and encourage export growth (I think). Somehow the equivalent of this — if you don’t have your own currency — is supposed to be…

Trade policies, stimulus, and tax cuts

…States. The most common reason cited for the imbalance is China’s undervaluation of their currency, the RMB (yuan). The House acted this September to pass a resolution raising the threat…