Maybe it is not relevant, as long as the world accepts our paper and lets the US get by with its emphasis on finance. Didn't the US say that China selling too much of our paper would be an equivalent of war?
On Sat, May 10, 2008 at 09:07:33PM -0400, Doug Henwood wrote: > > > Is that at all relevant today? The U.S. has been absorbing China's excess > production. Meanwhile, the U.S. invaded Iraq, and the only new market that > that's opened up is for weapons and private security services, which aren't > keeping us from sinking into recession. > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
