>> If the dollar is 20 percent above its proper value then it is
>> equivalent to putting a 20 percent tariff on all of our exports.
>
> This is a little devious. Is Dean arguing that the dollar is 20% overvalued? Against what, if so? The euro? The eurozone is a mess. The yen? The renminbi?
Maybe I'm a little too sensitive to these things, but it seems like Baker (as a person and as a symptom) has taken a rather nasty nationalist-populist turn recently, especially when it comes to China. Or maybe it's not a turn?