ARC's 1st Law: As a "progressive" online discussion grows longer, the probability of a nefarious reference to Karl Rove approaches one

Wednesday, May 09, 2007

China our economic enemy?

Russell Roberts gave a speech at Stanford recently and posted it to Cafe Hayek. He makes an excellent point that I tend to use in my discussions with people when they mention China investing a lot in US treasuries. Namely, China investing in the US market does not mean that they can one day come to the US and demand the money come due. It's not like some landlord threating to evict us and move someone else in.

The speech can be listened to here. If you click on "Open Tools" and select China you can jump right to the China part.

Your Co-Conspirator,
ARC: Brian