Commentary on Political Economy

Thursday 11 August 2011

Currency Wars

This article by the useful Alan Beattie at the FT gives a lucid summary of some of the issues involved in the financial crisis that we have canvassed on this site:

Note that Beattie quite correctly derides the notion of the "G-20", which has all but disappeared from view once the going got tough. Beattie is very wrong, however, to let in China through the backdoor: even if they counted for anything, the Chinese dictatorship would be far more of a problem than a solution (as we have explained repeartedly below)!

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