By PAUL KRUGMAN NYT Published: September 30, 2010
Serious people were appalled by Wednesday’s vote in the House of Representatives, where a huge bipartisan majority approved legislation, sponsored by Representative Sander Levin, that would potentially pave the way for sanctions against China over its currency policy. As a substantive matter, the bill was very mild; nonetheless, there were dire warnings of trade war and global economic disruption. Better, said respectable opinion, to pursue quiet diplomacy.
http://www.nytimes.com/2010/10/01/opinion/01krugman.html?_r=1&ref=opinion
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