Democrats trying to push China to revalue their currency

Discussion in 'Economics' started by AshanD, Jul 5, 2007.

  1. AshanD


    "Hillary Clinton and Barack Obama, the frontrunners for the Democratic presidential nomination, have agreed to co-sponsor legislation that would levy punitive duties on Chinese goods to cajole Beijing into revaluing its currency, according to aides."

    What do you guys make of this? I'm not aware of any unfair play on China's part by having a cheap currency. I thought that's what exchange ratios were for!
  2. it's unfair because with lower chinese currency, american businessmen have less competitive advantages, therefore donate less to politicians. And we all know politicians are greedy mofos.
  3. hypothetical question: which is worse, a male Hitler or a female Hitler?

    (no Obama is not the male Hitler)