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Tuesday, November 16, 2010

The China Debate: The Other Angle


I think China should teach Africa how to lift hundreds of millions out of poverty, fast. I think China should teach America the art of total campaign finance reform. I think China should teach America fast trains and clean tech. Those are not new thoughts on my part. And China is right in wanting a new global currency. The American dollar is specific to a country. A lot of the American fiscal recklessness this past decade was due to the fact that the dollar is the de facto global currency.