Currency Wars: Our Short-term Gain Results in Long-term Pain
February 25, 2011 at 09:15 AM EST
There’s a real competition among industrialized countries going on. And it’s not about who has the fastest growing country or who is exporting more. The game is called currency devaluation. Every major industrial country wants its currency lower so it can export more than it imports. It’s all about cheap currency, cheap money. And who’s [...]