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CSPAN2 Key Capitol Hill Hearings January 10, 2014

Make a profit on these general lost making because it has to repay the interest. Let me cut you off, because i think youre right. In fact, i know youre right. I believe youre right. You have used china, which is an example im concerned about. What you mentioned. It is a controlled economy or cement my close economy. What japan was going through what they went through with the Prime Minister was put in place. They didnt do any of those things. You looked like you were getting ready to go down the road. Precisely japan is the prime case i would take of a country that is deliberately cheaping the currency by printing a large amount of money. What we have they started this process at the beginning of 2013, weve seen a 20 depreciation of the yen, which is the way in which theyre getting inflation to reemerge in japan and getting the economy to grow through increasing their exports. So this is a country that is deliberately using Monetary Policy. Theyre not going to say its the object. Its b

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