Mises Wire
Author:
Stefan Karlsson
Online Publish Date:
So yesterday it finally happened:- the yuan was revalued , after years of pressure from particularly the U.S. government but also the EU and Japan. However the move was much smaller than expected, a mere 2.1%. This will hardly satisfy Senators Smoot Schumer and Hawley Graham ( as Larry Kudlow likes to call them ). Contrary to what some people seem