Bayesian Investor Blog

Ramblings of a somewhat libertarian stock market speculator

  • Contact Form

Buy the Yuan?

Posted by Peter on May 16, 2005
Posted in: China, Economics.

I’m curious how U.S. politicians are rationalizing their support for tariffs to punish China for keeping the yuan high (i.e. propping up the dollar). There’s an obvious alternative if it’s as clear as most people claim that the yuan is undervalued: have the U.S. government buy as many yuan as it can. That would make it more expensive for China to keep the yuan down at a probable profit to the U.S.
There may be some Chinese rules which pose obstacles to doing this, but I doubt the U.S. politicians are able to know that they couldn’t get around such rules.
Note that I didn’t ask what their real motives are (tariffs benefit special interests more than buying the yuan would, which provides a strong hint). I’m interested in what excuses they would give.

Posts navigation

← Misers, Markets, and Philanthropists
Intangibles →
  • Recent Posts

    • Evidence under Adversarial Conditions
    • Investing for a World Transformed by AI
    • BioVie
    • Investing Amid Low Expected Returns
    • Review: LOVE in a simbox
    • Cold War II
    • Blood Tests
    • What We Owe the Future
  • Recent Comments

    • Peter on Investing for a World Transformed by AI
    • Ben Smith on Investing for a World Transformed by AI
    • Peter on Investing for a World Transformed by AI
    • Sapphire Star on Investing for a World Transformed by AI
    • gwern on Investing for a World Transformed by AI
  • Tags

    aging amm autism best posts bias brain bubbles CFAR climate communication skills consciousness covid diet effective altruism empires equality ethics evolution existential risks genetics happiness history honesty industrial revolution information economics IQ kelvinism law macroeconomics meditation mind uploading MIRI neuroscience prediction markets prizes psychology rationality relationships risks seasteading status stock market crash transhumanism war willpower
  • Categories

    • Announcements [B] (6)
    • Book Reviews (268)
    • Economics (170)
      • Idea Futures (38)
      • Investing (77)
    • Life, the Universe, and Everything (143)
      • Fermi Paradox (6)
      • Health (103)
      • Humor (11)
    • Movies (2)
    • Politics (183)
      • China (15)
      • Freedom (18)
      • Mideast (14)
      • U.S. Politics (73)
    • Science and Technology (220)
      • Artificial Intelligence (58)
      • Miscellaneous (20)
      • Molecular Assemblers (Advanced Nanotech) (15)
      • The Flynn Effect (15)
      • The Human Mind (107)
      • Virtual Worlds (4)
    • Uncategorized (14)
Proudly powered by WordPress Theme: Parament by Automattic.