In Paul Krugman's New York Times column today, he says, "China acquired its $2 
trillion stash--
turning the People's Republic into the T-Bills Republic--the same way Britain 
acquired
its empire: in a fit of absence of mind."  I found the part I put in bold 
mind-boggling.

Maybe that is the way the nobility and the merchants took possession of peasant 
land

in Britan proper too.

 

Michael Yates

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