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Religion & Law

: Constitutionally Correct

Economists ignore the facts in supporting Chinese currency legislation

By Alliance Alert

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Daniel Ikenson writing at Cato @ Liberty: "The Chinese currency issue is in full bloom this week, as the House of Representatives passed the Currency Reform for Fair Trade Act of 2010 by a vote of 348-79 on Wednesday. Though there is so much to criticize about the bill and about the layers upon layers of misinformation, myth, and subterfuge that brought us to this point, this post concerns the dubiousness of the bill?s central premise: that Yuan appreciation will significantly reduce the bilateral trade deficit."

Full post as published by Constitutionally Correct on October 08, 2010 (boomark / email).

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