The Unz Review • An Alternative Media Selection$
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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Michael Hudson
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Michael Hudson Archives
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Chinese
 Michael Hudson Archives
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Chinese

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Dollar Hegemony and the Rise of China
• July 12, 2010
• 3,400 Words • Leave a Comment
Hudson to Premier Wen Jaibao, March 15, 2010 Dear Premier Wen Jiabao, I write this letter to counteract some of the solutions that Western politicians are recommending for China to cope with its buildup of excess foreign-exchange reserves. Raising the renminbi’s exchange rate against the dollar will not cure the China-US payments imbalance. The dollar... Read More
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