Academic

UH OH (CONT?D): China alarmed by US money printing. ?The US Federal Reserve?s policy of printing m?

By Glenn Reynolds

UH OH (CONT’D): China alarmed by US money printing. “The US Federal Reserve’s policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy.”

Plus this: “‘He who goes borrowing, goes sorrowing,’ said Mr Cheng. It was a quote from US founding father Benjamin Franklin.” Well, this country is no longer run according to the founders’ principles. . . .

Full post as published by Instapundit.com on September 07, 2009 (boomark / email).