So PRC's holding of US debt doesn't empower China? http://www.nytimes.com/2013/10/16/us/politics/china-rails-over-us-fiscal-crisis-seeing-its-own-money-at-risk.html?hp&_r=0 … Wow, who'd have guessed that? Oh, wait... http://www.mitpressjournals.org/doi/pdf/10.1162/isec.2009.34.2.7 …
@dandrezner seriously, how many times does a wonk need to use that trite "if you owe the bank a hundred dollars" shtick before it sinks in?
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@scottlincicome It's too politically compelling to resist. "We don't want to be in hock to China" resonates more than "Yay! We can borrow!" -
@dandrezner yeah. the latter argument resonates with my wife, if you know what I'm sayin'.#trytheveal#pleasedonttellherisaidthat
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RTS. You didn't read the article, did you?