Thursday, July 08, 2010

Triffin's End Game

Kevin Williamson has an interesting post on the dollar.  Here's a fascinating quote:
We know the dollar is going to depreciate, so we hate you guys, but there is nothing much we can do.” – Luo Ping, director general, China Banking Regulatory Commission

I'm sure glad that we got Barack Obama in the White House to 'change the tone'.

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