Monday, July 19, 2010

How Dangerous Is U.S. Government Debt?

A Greenberg Center for Geoeconomic Studies (CGS) Capital Flows QuarterlyThe dollar's status as the world's reserve currency has become a facet of U.S. power, allowing the United States to borrow effortlessly and sustain an assertive foreign policy. But the capital inflows associated with the dollar's reserve-currency status have created a vulnerability, too, one that Francis E. Warnock argues

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