The candidate is promoting currency devaluation — he should ask Argentina and Brazil how that worked out.

To hear Donald Trump tell it, China is run by a cabal of geniuses who outsmarted the U.S. last week by cutting the purchasing power of their fellow Chinese citizens with a devaluation of the yuan.

“They’re killing us. Now they’re going to take more jobs … I mean it’s ridiculous,” the presidential hopeful told Fox News the day after China let its currency slip a measly 2% against the dollar. The yuan subsequently lost another 1%.

Japan is also run by a band of Asian Einsteins, according to Mr. Trump. Prime Minister Shinzo Abe “is a great leader,” who is “cutting the hell out of their currency, cutting, cutting, cutting.” As a result, Mr. Trump explained, “they’re back. Japan is back.”

Read the article “ANALYSIS: Trump’s Defective Economics” on google.com.