News
WSJ | Lawmakers Pass Bill Targeting China Yuan Policy
Although the bill is unlikely to become law, the Senate debate has kept a public focus on the currency issue as the two countries remain at odds over China's control of the yuan.
Econ Comments
Forbes | Congress Messes With China While Sen. DeMint Eyes The Dollar
The world dollar standard, not China’s and other governments’ nefarious behavior, is what prevents balance of payment adjustments and creates the buildup of foreign exchanges reserves.
Blogs
WSJ: Real Time Economics | Fast Enough? China’s Currency Record
As the Senate ponders a measure to punish China for undervaluing its currency, it’s useful to take a look at China’s currency record, compared to other countries.
The Economist | Is China a currency manipulator?
There are many things American companies dislike about the way business is done in China: intellectual-property theft, the impossibility of winning government contracts, baffling rules on corporate ownership and so on. However the place for fixing these things is the World Trade Organisation, not Congress.
Reason Foundation | Conflict of Interest at the Federal Reserve – Operation Twist is Utter Failure
Here’s the dilemma facing the Fed: Institutions, both foreign and domestic, have run-up longer-term Treasury prices enormously over the last two months beginning in August and ending last Tuesday. They’ve since been selling, pushing prices down about 7% in the last week while the Fed buys into them offloading their positions.
