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Paul Krugman's article The Renminbi Runaround in the June 24th edition of The New York Times is not only diplomatically insensitive: it also lacks economic justification. The United States, with its unprecedented debt, is hardly in a position to lecture China and accuse it of bad behavior, acting in bad faith, playing games, and threaten it with trade sanctions. It is not China's house that needs to be put in order, but that of the U.S.