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This is CBS. I on the world. I'm John Batchel. Hong Kong. In the news over these last years

because of the unhappiness of the population given the heavy, heavy hand of the mainland

in the People's Republic of China. But I welcome Joseph Sternberg of the Wall Street Journal.

He's in London.

He writes political economics.

For many years, Joe was in Hong Kong,

and I used to talk to him routinely and enjoy it.

Not aware of the fact that Hong Kong was growing as we spoke,

growing all around us like a rich garden that just kept, you know, going to heaven. Why? And it might be

something to do with a column that Joe has up right now. Hong Kong takes another currency hit with a

smile. This is about something called a dollar peg and the Hong Kong Monetary Board. You don't need to know anything about it other than the fact that since it was introduced in the 1980s,

Hong Kong has outgrown the solar system.

...