It’s jackass season in Washington and with it comes threats from Congress to harass China over its trade gap. Larry Kudlow outlines the incredible progress China has made since 1978 – 1978! – and warns that the U.S. has got to stop hectoring China for doing all the right things. China’s stable currency, its trade of goods with us, its lifting of its poor into the middle class are all things that need to be encouraged, not screamed at in U.S. Congress. Because trust me, China is capable of much worse than the ‘crime’ of trade. Larry Kudlow makes a fine argument about the need to encourage, not growl at, China’s growing economic revolution here.
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