Post #116. I was the one who wrote that it was you that was pulling this conversation off topic. You still had not directly answered the question posed in #109. come to think of it, you didn't answer the question I raised in post #116 either (granted, I didn't punctuate it with a question mark).
Now, I'd be glad to try to answer your questions about the subsidization of foreign currencies if I understood exactly what that means. I have no idea what you are talking about regarding that topic.
I'm getting more questions than answers. But here goes; Q. Is it a role of government to make it's industries and people competitive? A. Yes, not the only nor the most important role. Those countries which are geared toward creating wealth do better in the long run. Q Was it "OK" for congress and Roosevelt to pass the New Deal. A. Depends on how you define "OK". Legal yes, smart no.
Now then as someone who with so much to say on world trade you must understand that for 20 years the Japanese government uses American dollars earned in trade to buy US Treasuries. This keeps the supply of dollars artificially low. The Chinese have learned from this, and purchase T Bills to keep their currency floating in a very narrow range. Experts in this country have been on record as stating that this amounts to a 40% subsidy on the Chinese currency.