nytimes.com - 2/7/2009
—
WHAT approach will the Obama administration and the Democratic majority in Congress take on international economic policy? It is too early to say for sure, but the signs so far are worrying. Just before his confirmation as Treasury secretary, Timothy F. Geithner turned up the heat on the Chinese ...
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China, the Dollar, and Trade
Greg Mankiw's Blog —
Click here to read my article in tomorrow's NY Times.
"It’s No Time for Protectionism"
Economist's View —
Greg Mankiw:
It’s No Time for Protectionism, by N. Gregory Mankiw, Commentary, NY Times:
What approach will the Obama administration and the Democratic majority in
Congress take on international economic policy? It is too early to say for sure,
but the signs so far are worrying.
Just before his confirmation as Treasury secretary, Timothy F. Geithner
turned up the heat on the Chinese regarding the dollar-yuan exchange rate.
President Obama, he said, “believes that China is manipulating its currency.
Countries like China cannot continue to get a free pass for undermining
fair-trade principles.”
Like many economists, I cringe whenever I ...
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