Come On China, We Got Rules Against That.

OK. Since we all completely understand the concept of undervaluing currency, we can... Oh you don't fully understand it? Well, let me explain. First... Hey. I don't "fully" understand it either. In fact I don't understand it very well at all. What I do know, is that by undervaluing it's currency, China gets an edge on us. It's stuff is cheaper and our stuff is more expensive. That much I get. It hurts us and it hurts our companies and it hurts our workers. Now, when other countries have done something like that to us in the past, the companies effected and our government have fought back. So why aren't we doing it with China? Well, it seems our companies won't do it because their afraid of retaliation. See most of our companies doing business with China are sort of in business with China. It's how things are done in the 21st century business world. The reason our government is afraid to do anything is because they're afraid China would start selling our bonds that they're holding. Our debt. But according the Paul Krugman, the Noble Prize winning economist, that would actually be a good thing, because it would drive down the value of our debt. Which means it would drive down our debt and it would drive down the value of China's bond holdings. In other words, it would be very costly to China to sell our bonds in any large quantity. Now, back to the multi-national companies. Just because something is good for them, like partnering with China, doesn't necessarily mean it's good for us. In fact, it's usually bad for us because it means lost jobs and more imports from China. The multi-nationals don't care. As long as they make a killing, so what. Soooo. I think we ought to do what we have done to other countries who have not played fair. We ought to fight back. With higher and higher tariffs on their products until they stop cheating. It would mean more revenue and would put China on notice. Whadda you think?