UNCLASSIFIED U.S. Department of State Case No. F-2014-20439 Doc No. C05765980 Date: 08/31/2015 RELEASE IN PART B6 From: sbwhoeop B61 Sent: Friday, January 1, 2010 12:44 PM To: H Subject: Re: Happy New Year! Krugman, in case you haven't seen: January 1, 2010 Op-Ed Columnist Chinese New Year By PAUL KRUGMAN It's the season when pundits traditionally make predictions about the year ahead. Mine concerns international economics: I predict that 2010 will be the year of China. And not in a good way. Actually, the biggest problems with China involve climate change. But today I want to focus on currency policy. China has become a major financial and trade power. But it doesn't act like other big economies. Instead, it follows a mercantilist policy, keeping its trade surplus artificially high. And in today's depressed world, that policy is, to put it bluntly, predatory. Here's how it works: Unlike the dollar, the euro or the yen, whose values fluctuate freely, ...
Blog debating the principles of the United States Constitution and the path back to the free market.