Woody Brock on China

Robert Huebscher | Advisor Perspectives| 22 March 2012 

You are very critical of China's currency manipulation. Why do you single out China? Don't virtually all of the surplus countries engage in currency manipulation to some degree? Japan has for a long time, although they haven't recently, but Hong Kong does. Even the ECB engages in currency manipulation.

I use the Harsanyi power index to contrast US and Chinese power. China, in the past 30 years, had at most a quarter of the power the US did, measured properly. Yet, in most eve...