Criminal defense in Austin Texas.

Yuan vs. Dollar

| January 28, 2009

The other day Timothy Geithner, Obama’s new Treasury secretary, accused China of manipulating its currency, and caused a minor kerfuffle. Here’s the thing, though.  There’s no debate that China manipulates its currency.  Of course it does.  The question is whether it’s good or bad for us. China, like the US, has the ability to make […]

Stimulate This

| January 28, 2009

“Skeptics,” writes James Surowiecki, of Obama’s stimulus plan, “worry that most people will save the rebate rather than spend it.”  Everybody seems to think if we put the money in the bank, it will be wasted. Strangely, they also all think we don’t save enough. But what happens to money when it’s saved?  You might […]