Yes, they have every right to make their goods appear cheaper by any means necessary
Yes, because their economy is still fledgling, but they should move towards a free currency
Gah!
No, they should be forced to follow the same market forces as everyone else
No, but speculation dangerous. China should be granted protections before freeing it's currency.
The Yuan vs. the Dollar
I thought earlier this year, PRC officials had agreed to peg the Yuan to an average of the Euro, the dollar and one other currency.
Anyway, what do you guys think about this?
China resisting efforts to free currency
Should China be free to artifically set the value of it's currency in the currency exchange market?
Last edited by Don Corleone; 05-17-2005 at 22:25.
"A man who doesn't spend time with his family can never be a real man."
Don Vito Corleone: The Godfather, Part 1.
"Then wait for them and swear to God in heaven that if they spew that bull to you or your family again you will cave there heads in with a sledgehammer"
Strike for the South
Re: The Yuan vs. the Dollar
Woo hoo! 100% agree with me! China should be granted some protections against currency speculation, but the values of their goods and services should be subject to market forces. I knew you guys were pretty bright and reasonable.
Edit:
Okay, who's the wiseguy that posted yes to every answer???
Last edited by Don Corleone; 05-17-2005 at 22:25.
"A man who doesn't spend time with his family can never be a real man."
Don Vito Corleone: The Godfather, Part 1.
"Then wait for them and swear to God in heaven that if they spew that bull to you or your family again you will cave there heads in with a sledgehammer"
Strike for the South
Re: The Yuan vs. the Dollar
I said no, they should follow the usual rules. Mark this up to tabula rasa. I'll explain later.
Re: The Yuan vs. the Dollar
No! They already siphon off the America economy with all their counterfitters ad good flooding! If they want to compete, then fine, but they have to play by the same rules. That is, I don't care how much they pay their workers, as long as real market forces are doing it. Of course, it seems unlikely, though possible due to their increasingly liberalized economy.
Crazed Rabbit
Ja Mata, Tosa.
The poorest man may in his cottage bid defiance to all the forces of the Crown. It may be frail; its roof may shake; the wind may blow through it; the storm may enter; the rain may enter; but the King of England cannot enter – all his force dares not cross the threshold of the ruined tenement! - William Pitt the Elder
Re: The Yuan vs. the Dollar
Yeah isn't that Alan Greenspans job as Chairman of the Federal Reserve to regulate bank policy and influence U.S. monetary policies? Not that he would do so in a way that would be beneficial to the American economy.
"War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself."
-- John Stewart Mills
But from the absolute will of an entire people there is no appeal, no redemption, no refuge but treason.
LORD ACTON
Re: The Yuan vs. the Dollar
Well, interesting point, but he does it by manipulating our own dollar availability, not by artificially tying it to foreign currencies. What if we decided to do something that would really screw the Chinese (and arguably, ourselves as well) and did the same thing, define a dollar to be 4 Yuan?Originally Posted by sharrukin
Yeah isn't that Alan Greenspans job as Chairman of the Federal Reserve to regulate bank policy and influence U.S. monetary policies? Not that he would do so in a way that would be beneficial to the American economy.
"A man who doesn't spend time with his family can never be a real man."
Don Vito Corleone: The Godfather, Part 1.
"Then wait for them and swear to God in heaven that if they spew that bull to you or your family again you will cave there heads in with a sledgehammer"
Strike for the South
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