Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (14400)	3/11/2010 8:46:12 PM
From: TimF	Read Replies (1) \| Respond to of 42652

China's predatory currency manipulation has a very real impact on jobs in the US. The extent of it is exaggerated by many. To the extent it occurs, it harms the Chinese consumer, and isn't broadly or in a durable way harmful to the US. Imagine the Chinese depreciated their currency to zero. Now you can get anything made in China for free. Would that help the China at the expense of the US? Hardly. In any case if we assume I'm totally wrong, and the exercise of, and impact of this manipulation is massive, durable, and incredibly harmful; that hardly justifies extensive widespread intervention by the US government. Its one highly specific issue, not a general "the more involved government gets, the better we do" kind of thing.