Wednesday, November 3, 2010

Money Wars: Beating up on Beijing?

The United States can talk all it wants about how irresponsible the Chinese are in manipulating their currency. But if the Chinese ever stopped doing it, at the same time that the United States is running a big deficit, the U.S. economy would explode. Right now, the Chinese are saving our bacon -- no one else is willing to do it. Read more...

-- Author John Isbister in an October editorial for Foreign Policy in Focus