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Overnight Open Thread (15 Aug 2015) »
August 15, 2015
Thank You China For The Gift Of Lower Prices [CBD]
Coyote Blog explains that when the Chinese devalue their currency it makes their goods less expensive....for Americans! And that is a good thing.
But not according to the Chamber of Commerce and the other rent-seekers like GE and Boeing, who want their exports to be cheap and subsidized by the Ex-Im Bank (which means you).
I'd excerpt the article but it is all of two paragraphs......Just read it.
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posted by Open Blogger at
05:25 PM
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