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Close Topic OptionsUs Addicted To Chinese Cash
Us Addicted Chinese Cash - Politics, Business, Civil, History - Posted: 26th Dec, 2008 - 4:37pm
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Spending CrazyPost Date: 26th Dec, 2008 - 2:02pm / Post ID: #
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Us Addicted To Chinese Cash
US Addicted To Chinese Cash
U.S. ignored warning signs of addiction to Chinese cash
In March 2005, a low-key Princeton economist who had become a Federal Reserve governor coined a novel theory to explain the growing tendency of Americans to borrow from foreigners, particularly the Chinese, to finance their heavy spending.
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Cash Chinese Addicted Us
Americans are not doing themselves a favor by supporting the Chinese. We are making them economically powerful while we sink and burn our own money.
International Level: Politics 101 / Political Participation: 5 
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TOPIC: Us Addicted To Chinese Cash