China, an economic threat
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  China, an economic threat
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jfern
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« on: March 18, 2010, 09:16:59 PM »

Here's Krugman's column, titled "Taking on China"

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http://www.nytimes.com/2010/03/15/opinion/15krugman.html


And here's an article about those Green jobs you keep hearing about moving to China.
http://tech.slashdot.org/story/10/03/18/2124233/High-Tech-Research-Moving-From-US-To-China?art_pos=4

The problem is that we don't produce much any more, while China will do anything to help their economy (just ask Google). Globalization has screwed this country hard. The stimulus was pretty good at stimulating China.
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Vepres
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« Reply #1 on: March 18, 2010, 11:14:33 PM »

China produces everything because their government is a manipulative oligarchy. I say slap tariffs on them and use the revenue to decrease the deficit.

We do produce things, just not tangible things. The US produces ideas and software, etc.
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dead0man
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« Reply #2 on: March 18, 2010, 11:30:30 PM »

and airplanes and computer parts and cars and blah
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Seems tangible to me.
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opebo
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« Reply #3 on: March 19, 2010, 05:30:40 AM »

I still don't see how they can buy more dollars than we can print.  I mean, even if they're just printing renminbi to buy our printed dollars, that's a tie - the creation takes place at the same rate.

Just type 'one trillion dollars' into an account on a computer at the Federal Reserve, and then send buy orders billed to that account out for renminbi.  Voila - cheaper dollar, more expensive renminbi.
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