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Andrew Batson x.com
A lot of the discussion about the depreciation of/undervaluation of China's real effective exchange rate takes for granted that this is about the currency. After all, it's called the "exchange rate"! But it's actually not. Mostly, it's about prices. A rant 1/
The subject this post names, from the same vocabulary the directory files beliefs under, and the words it uses that this site has seen least often elsewhere. Posts are matched on those words alone — nothing here is a summary of this one.
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