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New York Sun: Jeb Bush on the dollar and currency manipulation
From The New York Sun
Tuesday, June 2, 2015
We were just sitting down at the typewriter to tap out an editorial on the failure of any of the Republican contenders to address the crisis in respect of the dollar when an email hit our screen from the editor of the Future of Capitalism about the remarks over the weekend by Jeb Bush. The former governor of Florida was making an appearance at WMUR-TV in New Hampshire when he was asked whether, as Future of Capitalism characterized the question, "foreign currency manipulation had put American manufacturers at a disadvantage."
Mr. Bush responded that there might be some manipulation by foreigners. But, he added, You can make a case that in the last few years, given our monetary policy, we've been manipulating our currency. We've never had a time where our central bank is just printing money like nobody's business. And that depreciates our currency. It lowers our interest rates and depreciates our currency."
Mr. Bush acknowledged that there exist some protections against foreign currency manipulation already and noted that an eventual trade pact may yet add more. ...
... For the remainder of the commentary:
http://www.nysun.com/editorials/jeb-bush-on-the-dollar/89177/
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