The Truth About Currency Manipulation and a Strong Dollar
Economists know that our foreign competitors manipulate their currencies to keep the dollar overvalued which fuels our trade deficit. Strong lobbying groups, ranging from retail importers to Wall Street, spend huge amounts of lobbying money to pressure Congress to maintain the status quo and do nothing about these problems. The big losers are the manufacturing and agriculture sectors. Unless the government and industry leaders decide to do something about it, I am afraid the country is in for some bad, future economic problems.
Currency manipulation is back in the news. After the Trump administration designated Switzerland, Taiwan, and Vietnam as currency manipulators in 2020, ...
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