Drudge Retort: The Other Side of the News
Friday, June 14, 2019

Elizabeth Warren's proposal to raise the value of the Chinese yuan and other currencies against the dollar is not getting good reviews in the media from economists. As usual, some of the reasons are pretty lame. We have to recognize that trade policy is not a simple story of one nation against others, it is about which interests in each country gets favored. A policy designed to reduce the trade deficit by lowering the value of the dollar, as Elizabeth Warren has proposed, is a policy that is likely to help U.S. workers by increasing total employment and the number of relatively well-paying manufacturing jobs. The trade policy pursued by Trump and his predecessors is about redistributing more income upward. In that respect, it has been very successful.

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But still a commie.

#1 | Posted by Sniper at 2019-06-15 10:10 AM | Reply

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Drudge Retort