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Booms and BustsFree MarketsGlobal EconomyWorld HistoryInterventionism
Global EconomyMoney and BanksMoney and Banking
The depreciation of the yuan since 2014 is more of a response to market movements than a planned devaluation to gain competitiveness illegitimately.
Constant monetary stimulus leads to great wealth inequality, tilting the scales in favor of those who already own assets.
One group uses natural resources to increase human wealth through peaceful means. And then others use the power of the state to steal some of that wealth for themselves.