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Exchange-Rate and Weak-Dollar Fallacies

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Exchange-Rate and Weak-Dollar Fallacies
One dollar and 100 yuan notes are on display at a bank in Beijing, China, on May 15, 2006. China Photos/Getty Images
Mark Hendrickson
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Commentary

It seems like a long time ago now, but last month, just before the dawning of the P.C. (pre-coronavirus) era in the United States, President Donald Trump announced that he no longer considered China a currency manipulator.

Mark Hendrickson
Mark Hendrickson
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Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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