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: http://www.ft.com/intl/cms/s/0/58a0f47a-c36f-11e0-b163-00144feabdc0.html#axzz1TjofmEa2

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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