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Opinion
Tyler Cowen

Trump Is Wrong About the Dollar — and So Is Warren

Whether in China, Europe or the U.S., currency manipulation is overrated as both a problem and a solution.

Manipulation is overrated.

Manipulation is overrated.

Photographer: Bloomberg/Bloomberg

President Donald Trump is again on the warpath against “currency manipulation” from Europe. This week the complaint is that the European Central Bank could try to boost the economy by weakening the euro. Last week it was how a weaker euro is making too many European tourist sites overcrowded.

And it’s not just Europe, or Trump. The president has repeatedly criticized China for “manipulating their currency,” while Democratic presidential candidate Elizabeth Warren has called on the U.S. to do some currency manipulation of its own.