Ezra Klein at The Washington Post had an interesting post yesterday, the gist of which is that we may be worrying too much about the Chinese cashing in our securities. He may be right. If my calculations are correct, and based on the information in the pie charts, the Chinese hold only about 6% of our debt - little more than state and local governments in the U.S.
This is an interesting bit of economic math to share with your students...especially those who want to know why they have to be able to read graphs and charts.
I look forward to your comments.
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1 comment:
i think the real problem with china is imperialism...when i talk to missionaries returning from africa, they all tell me that the chinese are buying everything in africa...
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