Comments on: Updated: 'The Truth Behind China's Currency Peg'

By: Jim

Jim — Thu, 26 Nov 2009 07:42:09 +0000

Oops. Forgot one thing. For all of Buchanan’s brilliance on many topics, his misguidedness on free trade has held him to kindergarten status politically. Protectionism is a pipe dream and irrational economic suicide, and is predicated on a fundamental misunderstanding of economics.

By: Steve Hogan

Steve Hogan — Wed, 25 Nov 2009 18:55:01 +0000

Mr. Buchanan ought to stick with history and politics. He’s out of his element when it comes to economics.

By: M. B. Moon

M. B. Moon — Wed, 25 Nov 2009 15:27:46 +0000

Let’s see:

1. The Fed and the US banking cartel creates money from nothing.
2. In order to maintain the fixed exchange rate, the Chinese central bank and banking cartel creates money from nothing.
3. We blame the Chinese.

By: Myron Pauli

Myron Pauli — Wed, 25 Nov 2009 14:57:05 +0000

This line from Pat Buchanan is precious:

“All have come to see Obama as a diffident, dithering, doubting dilettante who can be dissed with impunity.”

The US is the debtaholic and China is opening up more liquor stores! Still – at any given time, swapping cell phones and plasma TV’s for pictures of Ben Franklin seems like a good trade to the
counterfeiter.