A question for all you Austrians


Sort: Oldest first | Newest first
Showing 1-1 of 1 posts in this discussion
Initial post: Oct 28, 2011 3:12:44 PM PDT
After reading Peter Schiff's wonderful book explaining so simply Austrian economics, and the economic history of America... uh, Usonia, I have two questions about the economics of the current US-China economic imbalance. I don't believe the first question is answered in the book. The long second question will be a new thread.

FIRST QUESTION. With fiat money it's possible to manipulate exchange rates, right? But I've always assumed that there must be something wrong with the explanation that exchange rate manipulation by the Chinese (or anyone) is the reason for trade imbalance. Such manipulation must eventually fail of its own contradictions, right? But I'm not clear. What are the contradictions? Why would people/companies accept manipulated money?
‹ Previous 1 Next ›
[Add comment]
Add your own message to the discussion
To insert a product link use the format: [[ASIN:ASIN product-title]] (What's this?)
Prompts for sign-in
 


 

This discussion

Participants:  1
Total posts:  1
Initial post:  Oct 28, 2011
Latest post:  Oct 28, 2011

New! Receive e-mail when new posts are made.
Tracked by 1 customer

Search Customer Discussions
This discussion is about
How an Economy Grows and Why It Crashes
How an Economy Grows and Why It Crashes by Peter D. Schiff (Hardcover - May 3, 2010)
4.6 out of 5 stars   (286)