In a word of economics, seek understanding.

Let's consider the background first: China exports a lot of American goods, and the surplus is huge, hundreds of billions of dollars a year, many manufacturing industries in the United States have lost their competitiveness because of high wages in the United States, and the recession has gone bankrupt and closed, and a large number of people have lost their jobs.

With the appreciation of the renminbi, China's exports of U.S. goods** have risen, and Americans' purchases of Chinese goods have declined, and the U.S. hopes that Americans can switch to domestically produced goods, so that related industries will flourish and jobs will be created. However, it can be seen that there are three implicit premises: 1. Americans buy a lot of Chinese products, and the appreciation of the renminbi has caused Americans to change their behavior of buying domestic products a lot, which is enough to have an impact on the macroeconomy; 2. The United States requires the appreciation of the renminbi to be large enough to be about the same as the products produced in the United States** (you can imagine how high the appreciation of the renminbi needs to be to meet the requirements of the United States according to the level of wages and benefits in the United States)3 After the appreciation of the renminbi, Americans will turn to domestic products instead of products from other developing countries (I personally believe that the United States cannot achieve the economic goal of pressuring the appreciation of the renminbi, that is, it cannot recover the economy and increase employment, because there are other low** The products of the state are waiting to enter the American market; But the United States is expected to achieve its political goal, that is, to eliminate potential competitors that threaten its global hegemony, and the same was true for Japan 20 years ago, the United States will inevitably need low-priced foreign products, but it would rather share this part of the profits with the small countries of Mexico, and not far from letting China, a country that may replace it, transfer this profit, which is essentially the same as buying Japanese products and being scolded as financing the enemy).

Personally, I think that instead of letting the renminbi appreciate, China should raise the wages of the people, and the increase in wages will also increase the export of products, so that the real profits will be shared by the people, rather than the fruits of the exploitation of the low-cost labor of the people will disappear between the exchange rate figures.

In order to solve the economic and employment problems in the United States, I personally believe that we must do the following work: first, reform the labor market, moderately reduce the level of welfare, weaken the price power of the labor union, and make the labor force meet the actual market supply and demand situation (you are unemployed, why do you still ask for such a high salary to find a job); Second, high-tech manufacturing, such as aerospace, biology, materials, etc., these industries need high-skilled workers that cannot be done by ordinary workers in China; the third is the service and financial industry, which is the traditional strength of the United States; Fourth, adopt policies to invest in manufacturing in countries other than China and send Americans abroad to work (not to mention this).

Hope it helps.

Because after the United States forced China to raise the exchange rate, the dollar was cheaper than the yuan, and the yuan was more expensive than the dollar.

This would expand U.S. exports to China (because it's cheaper for China to buy American goods) and reduce U.S. imports from China (because it's more expensive for the U.S. to buy Chinese goods).

After the RMB exchange rate rises, China's exports will be hit, and foreign trade processing enterprises will be struggling. For the United States, when there are no Chinese bargains in the American market, similar companies in the United States will come back to life, and the employment rate will rise.

Exports have increased, enterprises have been revitalized, employment rates have increased, and economic growth has accelerated. We won't appreciate it, the Yankees will go in a dream.

The exchange rate mainly affects exports**, and because the appreciation of foreign currencies against the local currency, it can reverse the apparent deficit and increase the country's exports, which in turn will drive economic growth and employment.

The renminbi is pegged to the US dollar, and increasing the exchange rate can reduce the ** surplus.

This is the concept of rent-seeking.

This sentence is a summary of the previous sentence, that is, the ** of the license is the space for rent-seeking. Here, the ** of the license can be simply regarded as the consumption (**, cost) that must be paid in advance, so it can also be regarded as a part of the **.

As for why it's not worth rent-seeking, it's because the auction process is completely fair competition. Therefore, the final few that everyone gives must be infinitely close to their own rent-seeking space. That is, the amount of money you pay for this license is the same as the rent-seeking benefits you can get.

In this case, there is actually no difference between rent-seeking and non-rent-seeking. So, rent-seeking activities will disappear.

It can be understood in this way: assuming that the profit of a taxi in its normal operating hours is 150,000 yuan (in the case of a license), then a potential owner is willing to pay a maximum of 150,000 yuan for the license plate, and in the case of a fair auction, the license plate must also reach 150,000 yuan. At this time, the potential owner of the car will not pay 1 cent to bribe the person who issued the license, because the ** of the license plate has consumed all its profits.

If the auction is not public, the person who issued the license can issue the license to the person he likes, and if he offers 100,000 yuan, then the potential owner may bribe him with no more than 50,000 yuan, and there may still be profit margins.

Therefore, in a fair and open auction, rent-seeking space is represented as an auction**.