To: mac_truck
He says China has a huge advantage because China doesn't link it currency to something or other.? (I admit I'm not totally clued in.) Somehow that gives their corporations a huge subsidy, making their prices unnaturally low.
Hunter is for fair trade, not free trade.
10 posted on
03/02/2007 7:10:43 AM PST by
JRochelle
(SuperBowl MVP Peyton Manning is a Republican!)
To: JRochelle
Ok, he's talking about the value of the Yuan which the Chinese had pegged to the US dollar. The United States has been trying to get the Chinese to let their currency float on its own, (which would more truly reflect the strength of their economy) with mixed success.
Hunter has a very good point on this.
13 posted on
03/02/2007 7:29:41 AM PST by
mac_truck
( Aide toi et dieu lÂ’aidera)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson