Word: dollarization
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...example, he said, a person serving as U.S. treasury secretary would not be successful if he or she frequently made off-the-cuff remarks. So during his time at the Treasury, he had largely confined his comments to the importance of a strong dollar and the independence of the Federal Reserve...
...level the playing field.” Among the efforts are those which attempt to exact revenge via economic weapons—most recently, for instance, Senators Lindsey O. Graham and Charles E. Schumer ’71 proposed a 27.5 percent tariff on all Chinese imports until the Dollar-Yuan exchange rate adjusts and American products become more competitive. Though our $202 billion trade deficit with China is unsustainable and must be dealt with, the lessons of Ec10 must be heeded. Although trade barriers may boost domestic industry and lower the unemployment rate in some sectors, they choke...
According to descriptions by LoVecchio that were verified by The Crimson, one cartoon shows a girl with an overly large nose chasing a dollar bill attached to a length of string while a Nazi hides around a corner holding the other end of the string and a baseball bat. In another image, a man, genitals exposed, dangles a piece of steak before a seeing-eye dog to lure a young, blind girl...
...There was no great tension and no great accomplishment. There was no swift action on the trade imbalance between the two countries, which tops $200 billion annually. China didn't offer to free up its currency to a level where it could rise against the dollar - and, presumably, make Chinese goods more expensive, American goods cheaper and the U.S. trade deficit lower. All China did was stick by a promise laid out last year to move away from an economy that is export-driven and not consumer-driven and is growing at a torrid 10% annually. The two countries trade...
...administration official put it earlier this week, "Some have said that China takes a rather mercantilist approach to these situations. We've got to have a better dialogue with the Chinese about what their international responsibilities are in situations like this. They can't just see it from a dollar-balance sheet point of view...