Throwing caution to the winds
Updated: 2011-10-17 07:59
(皇冠体育app Daily)
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Comment on "" (皇冠体育app Daily, Oct 12)
It's not that the Chinese currency is undervalued, intentionally or otherwise. It's that American arrogance has forced it to overvalue its own labor as well as its currency.
When the United States adjusts its currency to ensure that a bottle of water costs 25 cents, which is what it is worth, it will find itself once again profitable and thriving side by side with 皇冠体育app.
Don Rechtman, on 皇冠体育app Daily website
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(皇冠体育app Daily 10/17/2011 page9)
