For the last 3 years or so, China had been on a spending spree, subsidizing cars and appliance purchases, building skyscrapers, high speed rail, buying up mines all over the world, giving out subsidized loans and freebies to American factories moving to China.
All this is possible only because Bernanke is printing money.
Isn't this ironical?
All this is possible only because Bernanke is printing money.
Isn't this ironical?
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