Making sense of the yuan

If you can't take another column about China, please turn the page. I realize some readers are weary of the subject, and others object to the notion that there's any way to defend our trade policies with that nation. To one group. China represents the world's greatest economic opportunity, while the

There are in-between views. I'm a free-trader to the extent that I expect all traders to respect by the same regulations; I'm a fair-trader to the extent that I want violators of that standard punished. At a social event recently someone who's well connected and well regarded in the metalcasting industry expressed some exasperation that many of his contacts (meaning also, our readers) had grown irrational in their intolerance for the subject. I've noticed this, too, having been the recipient of random messages blasting me for taking "the wrong side."

For that reason, I am heartened to see some serious effort developing around one fairly essential point: the failure of China to manage its currency in a responsible fashion.