“The Chinese premier Wen Jiabao expressed concern on Friday about the safety of China’s $1 trillion investment in American government debt, the world’s largest such holding, and urged the Obama administration to provide assurances that its investment would keep its value in the face of a global financial crisis.” (New York Times, Friday)
Just a small fly in the ointment.
FEE Timely Classic
“A $5 Trillion National Debt” by Hans F. Sennholz
Looking for the unseen effects of economic policy is the beginning of wisdom. ... Go to blog
Recently many popular websites went black to fight the proposed SOPA and PIPA bills. Fighting censorship, however, is nothing new. ... Go to blog
It appears that spending on government education in one year was 324 times the amount companies spent on Super Bowl ... Go to blog
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