【10.11.09 美媒博客】谁在操控货币？当然是中国！
本帖最后由 批一啊pia 于 2010-11-9 15:33 编辑【原文标题】Who manipulates the currency -- China or the U.S.?
【中文标题】谁在操控货币？中国还是美国？
【登载媒体】Jay Hancock博客
【来源地址】http://weblogs.baltimoresun.com/business/hancock/blog/2010/11/when_is_monetary_policy_curren.html
【译者】 migwin
【翻译方式】 人工
【声明】 本翻译供Anti-CNN使用，未经AC或译者许可，不得转载。
【译文】
对美国来说，降低长期利率有一个巨大的好处就是使美元变弱。联邦价值6000亿的第二轮宽松货币政策把钱都花在美元主导的资产上了，比如国库券。理论上，这些新美元相对于其他货币降低了价格，这就使进口变得更昂贵，出口更加有竞争力。经济学家保罗克鲁格曼非常同意这个观点：
联邦的经济扩张政策是压倒一切的。失业率高得悲惨，过去几年来美国的通胀数据差不多可以和日本经济崩溃的早期相媲美了。
但是，他非常反对中国的政策，中国通过让央行购买美元来增加美元的价值从而压制人民币的升值。
这一次，从邻国政府那里传来很多噪音，他们当中的很多都抱怨联邦的做法弱化了美元。对于所有这些批评，我想说的就是，虚伪的面具太厚啦，我们得用刀才能割开。
毕竟，你还有中国，中国正以史无前例的规模参与到货币操纵中来，伤害了世界上的其他国家，美国只是为了维持国内秩序，却受到中国的攻击。
美国在做的仅仅是维持国内秩序，而中国在做的是操纵着货币。哪一方都离传统的自由市场甚远。是的，中国干预的规模已经远远超过了美国第二轮宽松货币政策。并且中国的安排使人民币非常不自由。你可以说，美国削弱美元是为了专注于国内利率和内需，而中国的货币政策就是重商主义的体现。当然，双方对货币都有不同程度的控制。
【原文】
One macro benefit (to the U.S.) of quantitative easing (lowering long-term interest rates) is a weaker dollar. The Fed's $600 billion "QE2" campaign is being spent on dollar-denominated assets such as Treasury paper. These new dollars in theory lower their price against other currencies, which makes imports more expensive and exports more competitive. Paul Krugman is all for this:
The case for a more expansionary policy by the Fed is overwhelming. Unemployment is disastrously high, while U.S. inflation data over the past few years almost perfectly match the early stages of Japan’s relentless slide into corrosive deflation.
But he is very much against China's policy of suppressing its yuan by having ITS central bank buy dollars to raise their value in that country's highly controlled international exchange regime.
This time, much of the noise is coming from foreign governments, many of which are complaining vociferously that the Fed’s actions have weakened the dollar. All I can say about this line of criticism is that the hypocrisy is so thick you could cut it with a knife.
After all, you have China, which is engaged in currency manipulation on a scale unprecedented in world history — and hurting the rest of the world by doing so — attacking America for trying to put its own house in order.
How is what the U.S. is doing putting "its house in order" while what China is doing is currency manipulation? Neither policy is close to a classical free market. Yes, the ultimate scale of China's interventions surpasses QE2. And China's arrangement makes its currency policy very unfree indeed. One could argue that a weaker dollar is merely a side effect of a U.S. monetary policy focused on domestic interest rates and demand, while China's currency regime is blatantly mercantilist in intent and effect. Still, there are "manipulations," of one sort or another, and in varying degrees, on both sides.
【作者简介】
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Pressof Newport News. 路過、騙分。 又在装无辜者了？这次又准备把战火烧到哪里？中国？ 你说是就是吧有什么用呢？多说无益想怎么做就怎么做吧反正中国不乏看得清的人随你怎么玩 。 对，用中国的钱维持美国国内的社会秩序，这买卖真好啊。 本帖最后由 silenthowl 于 2010-11-9 17:49 编辑
Is that all?
Soooo...Ungeiliveble!!!o3O102) --------呵呵，美国在做的仅仅是维持国内秩序？ 美圆仅仅是国内货币？美国的学者真的是越来越不要脸了。 无耻的美国人 人民币国际化是最紧要的事！一旦人民币成为硬通货币，美元也再也牛不起来了！ 人不要脸的时候，想放什么屁都行。 见过无耻的没有见过这么无耻的 真是嘴尖毛长脸皮厚啊。。。。。。。。。。。。o3O106) 大哥 你正在印钱 谢谢！ 其实我一直梦想着美国有朝一日灭亡的，世界和平只有在美国灭亡的前提下才可以实现 我是美国在没办法之下也会这么干。 有美国在，中国得靠边站。 "虚伪的面具太厚啦，我们得用刀才能割开”
就你们那张脸皮，借你三把斧子都不够 美国最近印刷钞票，怎么不说呢。 大哥 你正在印钱 谢谢！
davidhuyi 发表于 2010-11-10 00:03 http://bbs.m4.cn/images/common/back.gif
肆意扩张货币让欧洲饱受通货膨胀之苦。最激烈的是法国总统戴高乐将军，他破口大骂美国以邻为壑，宣告美国国际收支赤字是“不流眼泪的赤字”！美国政府反唇相讥，当时的美国财政部长康纳利甚至有点儿幸灾乐祸：“美元是我们的货币，你们的麻烦”！ 美国最近印刷钞票，怎么不说呢。
yuzhonglie 发表于 2010-11-11 17:00 http://bbs.m4.cn/images/common/back.gif
他说了
“那是国内问题”Q13)
页:
[1]
2