For the second installment of prefered Obama Administration personnel this from Paul Krugman. If only they had listened to his advise and the Norwegian example during the financial crisis I might consider them credible. The media blather surrounding the imminent rise of China as it pursues its self interest has only been eclipsed by our inability to provide an appropriate and positive policy response. Taking On China By Paul Krugman Tensions are rising over Chinese economic policy, and rightly so: China’s policy of keeping its currency, the renminbi, undervalued has become a significant drag on global economic recovery. Something must be done. To give you a sense of the problem: Widespread complaints that China was manipulating its currency — selling renminbi and buying foreign currencies, so as to keep the renminbi weak and China’s exports artificially competitive — began around 2003. At that point China was adding about $10 billion a month to its reserves, and in 2003 it ran an over...