Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
opens by calling Treasury Secretary Hank Paulson’s December trip to Beijing “mission impossible.” Stelzer declares that “if their aim really was to pursue that yuan to get the official number of dollars) because they sense that the peg will fail and you’ll have to devalue the currency. The situation is very much like a Exports Needed For Jobs? Let us return to Mr. Stelzer. He tells us that Paulson’s mission is impossible because: [T]he Chinese regime’s overwhelming priority is to