This post from Carpe Diem's Mark Perry is too good not to reproduce here in its entirety (HT Frank Webb):
The Real Conundrum: Why the Hell Do We Care if China Manipulates Its Currency in Our Favor?Here's a little editing fun of Harold Meyerson's article in today's Washington Post:
"This week, committees on both sides of Capitol Hill will plumb the conundrum of Chinese currency manipulation. The conundrum isn't that — or why — China is manipulating its currency: By undervaluing it, China is...
Published on September 16, 2010 05:16