Has the time for a currency war with China arrived? The answer looks increasingly to be yes. The politics and economics of an assault on Chinese exchange rate policy are increasingly convincing. The idea is, of course, deeply disturbing. But I no longer believe there is an alternative.
現在是否已經到了與中國打一場匯率戰爭的時候？答案似乎越來越傾向于是肯定的。攻擊中國匯率政策的政治及經濟理由越來越充分。這種觀點無疑令人深感不安。但我已不再認為，我們還有其他的選擇。
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