A Nobel Prize Winning Economist, Joseph Stiglitz, Agrees with Our Views on Proposed Chinese Tariffs
May 22, 2007 - In continuation of my last blog, today it was reported that Stiglitz criticized Congress for its stance on China tariffs.
“We are in a mutual hostage situation, and China may hold the better cards,” Stiglitz said.
The story stated that
if Congress were to pass measures cutting off Chinese exports to the U.S., China could quickly reduce these purchases. China could keep a high growth rate, but the U.S. “would have a very much of a problem financing our deficit,” Stiglitz said.
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Add comment May 23rd, 2007
