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China Floats, America SinksYuan Kicks Dollar Butt by Rejecting "Free Market"

In case you haven’t the least idea what the heck it means for China to “float” its currency, let me put it in the language we economists use: China’s float don’t mean squat.
Yet our President, a guy whose marks in Economics 101 are too embarrassing to publish here, ran out to hail the fact that buying Chinese money will now cost more dollars.

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