Tuesday, September 30, 2008

Paul Krugman: Where Will the Money Come From?

In the end, the US government will rescue the financial system — not today or tomorrow, maybe not Thursday, but soon, and for the rest of our lives, or anyway until the next crisis.But, people ask me, where will we get the money? Won’t we have to borrow it from the Chinese?Actually, no. Ten years [...]

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