First of all, isn't pinning the Chinese currency to the US dollar against WTO rules?

It is important to note that in order to pin the Chinese currency to the US dollar, China must regularly print more and more money, and then they buy US debt with it.

Considering that 10-year US bonds are at staggeringly low interest rates (1.91% as I write this), they're basically giving us free money every time they do this. Why aren't we spending more federally on job programs to get people employed (and/or trained for employment)? Oh yeah, because >socialism<.