Is Massive Government Intervention in Currency Markets Really Harmless?

On January 19, the Wall Street Journal published a letter that was a condensed version of my response to an article by Edward Lazear on January 8. My complete response follows. Edward Lazear argues that China’s massive government intervention in the currency markets—more than $3 trillion in the p…

Here is the original post: 
Is Massive Government Intervention in Currency Markets Really Harmless?