Strong dollar, yada yada yada

The Economist notes that Timothy Geithner says that “a strong dollar is in America’s national interest” and that “China is manipulating its currency… China cannot continue to get a free pass for undermining fair trade principles.”

So either America is very upset with China for doing something that’s in America’s national interest, or American officials are very much opposed to things which are in the national interest, or statements from Treasury officials generally consist of large loads of hooey. Naturally, it’s the latter.

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