Stone Garden Economics

As everyone knows, you and I buy a lot of stuff from overseas: French cheese, South African wine, Chilean grapes, Canadian timber, German engineering, Australian beef, why we even like to take our vacation overseas. In fact, we buy more—much more—from foreigners than foreigners buy from us. We need to pay for our import appetite and so we hand dollars to the foreigners. We thereby also hand them a big problem. . . . → Read More: China and the Bad Boys of Baghdad