But what if they decide to abandon the dollar?"As long as foreigners are willing to put their capital in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , we can sustain a trade deficit of 6 percent or more." After hearing about our nation's record trade deficit of $726 billion in 2005, Philip A. Swagel, a neo-con economist at the American Enterprise Institute The American Enterprise Institute for Public Policy Research (AEI) is a conservative think tank, founded in 1943. According to the institute its mission "to defend the principles and improve the institutions of American freedom and democratic capitalism — limited government, , seems to believe there's no need to worry when the U.S. becomes beholden be·hold·en adj. Owing something, such as gratitude, to another; indebted. [Middle English biholden, past participle of biholden, to observe; see behold. to Chinese and Japanese investors who might some day decide to sell all their holdings. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion