Pot calling the kettle black
From Wall street Journal,
“The Obama administration on Thursday chastised Europe and Japan for excessive reliance on monetary policy to revive stagnant growth, worried that a failure to use other policy tools could further undermine an already gloomy global economic outlook.
In its semiannual currency report, the U.S. Treasury Department also took China and South Korea to task over currency policies that it says hurt other trading partners including the U.S. ”
Isn’t US the first to start Quantitative easing? When others copy it or adopt defensive measures to avoid being hurt by currency volatility, they are blamed for it.
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