“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