…insisting that their governments lower the value of their currencies to increase exports to the U.S. But the U.S. Treasury did not label either country a currency manipulator in its…

…thrift is a virtue and debt is a synonym for sin etc. In this imaginary world and in the real world , an alliance of the unsophisticated and the fanatical…

…at play here in these labels. Think of schuld, the German word for debt, which also means guilt. Saving is viewed as sober and responsible; spending is impecunious and rash….