Geithner's 'Cooperation'
Dollar devaluation is not economic leadership.
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Treasury Secretary Timothy Geithner is finally waking up to the danger of currency protectionism, going so far yesterday as to invoke the Bretton Woods accord of 1944 that produced a generation of exchange-rate stability. Too bad Mr. Geithner's idea of cooperation is to keep bludgeoning China to revalue the yuan so the U.S. can devalue the dollar and steal more global economic demand.
http://online.wsj.com/article/SB10001424052748703735804575536453177817206.html
Dollar devaluation is not economic leadership.
* Article
* Comments (53)
more in Opinion »
Treasury Secretary Timothy Geithner is finally waking up to the danger of currency protectionism, going so far yesterday as to invoke the Bretton Woods accord of 1944 that produced a generation of exchange-rate stability. Too bad Mr. Geithner's idea of cooperation is to keep bludgeoning China to revalue the yuan so the U.S. can devalue the dollar and steal more global economic demand.
http://online.wsj.com/article/SB10001424052748703735804575536453177817206.html