13.02.2015 - Stop howling about currency manipulation
Anti-trade critics are arming themselves with a grab-bag of attacks on proposed U.S. trade agreements and the legislation to bring those deals to Congress for a vote. Some critics focus on the negotiating process ("secret!") or accuse the U.S. of using the negotiations as a backdoor way to subvert or expand domestic regulations or standards. Both assertions are overblown, but they pale in comparison to charges by the currency protectionists. This week a strange-bedfellows group of Senators rolled out an anti-currency manipulation bill that will serve no other purpose but to upend trade expansion talks currently underway, in particular the Trans-Pacific Partnership. ..............................................Full Article: Source
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