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Paul Krugman: China, Japan, America and the Renminbi

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Headlined to H3 9/13/10
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At www.nytimes.com

Senior American policy figures have repeatedly balked at doing anything about Chinese currency manipulation, at least in part out of fear that the Chinese would stop buying our bonds. Yet in the current environment, Chinese purchases of our bonds don't help us -- they hurt us. The Japanese understand that. Why don't we?

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At www.nytimes.com


 

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"...we don't need China's money -- especially beca... by John Sanchez Jr. on Monday, Sep 13, 2010 at 8:31:39 AM