interesting article by paul krugman
Dean Baker gets upset by this line in today’s very useful Keith Bradsher article:
China is the biggest buyer of Treasury bonds at a time when the United States has record budget deficits and needs China to keep buying those bonds to finance American debt.
As I said, this was a very good article about China; the debt line was probably inserted because it’s considered obligatory to say this in any article about US-China relations. As it happens, however, while it’s part of what everyone knows, it’s also completely false.......
http://krugman.blogs.nytimes.com/2010/03/15/chinas-water-pistol/
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