Donald Trump Quotes

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

Since China embraced Deng Xiaoping's reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an ever-depreciating phase against the U.S. dollar.

We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.

China needs a currency that reflects underlying economic fundamentals.

The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China.

We will not reform the yuan until the time is right even if there is external pressure.

It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it.

What there is no dispute about is whether or not China is a currency manipulator. They are a currency manipulator. They actively intervene every single day to keep the value of their currency less than it would be against the dollar than if it floated freely. We think. Even China barely disputes that.

As for when to reform the yuan, there is no timetable yet.

The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.

A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of that. Or else, we will waste it once more in inflation and in the inability to raise competitiveness.

Now comes Roosevelt who seeks to render the money of the United States worthless by unlawfully declaring that it may no longer be converted into gold at the will of the holder.

The economy controls the politicians far more than the politicians control the economy.

When a nation devalues its currency, it, in effect, increases its tariffs.

The speed, scale and reach of China’s rise are without precedent in modern history. Within just 30 years, China’s economy has gone from smaller than the Netherlands to larger than those of all other countries except the United States.

Currency pegs force a common policy on countries…

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense.

A strong dollar reflects a strong country and a strong economy, and we need to make sure that we get the - stop the practice of devaluing the dollar.

I'm sure Mark Carney is a very clever young man, but I think that the government would be mad to move from inflation targeting to money GDP targeting.

Beijing is trying to split the baby between simultaneously liberalizing the economy and maintaining economic stability, but those two factors are increasingly mutually exclusive.

Governments have a tendency to screw up currencies.

Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way.

It would convert the Treasury of the United States into a manufactory of paper money. It makes the House of Representatives and the Senate, or the caucus of the party which happens to be in the majority, the absolute dictator of the financial and business affairs of this country. This scheme surpasses all the centralism and all the Caesarism that were ever charged upon the Republican party in the wildest days of the war or in the events growing out of the war.

The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected to a shock which requires it to cut wages, it cannot do so with a modern kind of control and regulation system. It is much easier to do it by letting the exchange rate change. Only one price has to change, instead of many.