Stop Currency Manipulation and Create Millions of JobsWith Gains across States and Congressional Districts
"Six years after the start of the Great Recession nearly 8 million jobs are still needed to return to prerecession labor market health (EPI 2013). Job creation should still be goal number one. Yet prospects for any fiscal policy action to boost jobs have disappeared under the weight of congressional dysfunction, and the Federal Reserve has begun to wind down monetary stimulus (Wall Street Journal 2013). But besides fiscal and monetary policy, there is a third tool of macroeconomic stabilization that could provide a huge boost to economic activity and job growth: realigning exchange rates to lower the U.S. trade deficit...."
http://www.epi.org/publication/stop-currency-manipulation-and-create-millions-of-jobs/
I am not able to reconcile this with what Rickards has stated - that the US is the biggest currency manipulator in existance, maybe in the history of the world.
!I WANT THE TRUTH!
"Six years after the start of the Great Recession nearly 8 million jobs are still needed to return to prerecession labor market health (EPI 2013). Job creation should still be goal number one. Yet prospects for any fiscal policy action to boost jobs have disappeared under the weight of congressional dysfunction, and the Federal Reserve has begun to wind down monetary stimulus (Wall Street Journal 2013). But besides fiscal and monetary policy, there is a third tool of macroeconomic stabilization that could provide a huge boost to economic activity and job growth: realigning exchange rates to lower the U.S. trade deficit...."
http://www.epi.org/publication/stop-currency-manipulation-and-create-millions-of-jobs/
I am not able to reconcile this with what Rickards has stated - that the US is the biggest currency manipulator in existance, maybe in the history of the world.
!I WANT THE TRUTH!
