12-29-2016, 03:52 PM
Quote:You cite three countries that have manipulated their currencies to make them unusually competitive, although Japan is slowly exiting that group. Is this the best you've got?
Is that why they are so successful? Currency manipulation? I mean, sure, it must be extremely difficult for the other Europeans to compete with the Germans because the Deutsche Mark is so cheap by comparison, to say nothing of how much lower it is than the US Dollar. I'm sure similar issues play a major role between SK and Japan and their trading partners. Let's just ignore the bit we were actually talking about whether higher levels of automation automatically lead to lower levels of employment, and let's introduce something new, something so obvious that no citation is necessary.
Good thing the US doesn't engage in manipulating currencies, amirite? The Federal Reserve wouldn't be caught dead playing around with interest rates, currency swaps, and the like!