January 8, 2013 2:12PM

Foreign “Currency Manipulation” Does Not Warrant Washington’s Attention

In a Wall Street Journal oped today, Former Council of Economic Advisors chairman Ed Lazear pokes some big holes in the theory that Chinese currency manipulation explains that country’s big trade surplus, contradicting the central argument of a recent paper from the Peterson Institute. 

I concur with Lazear and offer my own critique of the Peterson paper on Forbes, today.