China won't
provoke a dollar apocalypse
The US fears that China may stop buying up US debt. But even if it did, the decision would be likely to help the US economy grow and correct longstanding imbalancesOver the past year, fear has been created that China will at some point become unhappy with US policies and, as punishment, will not buy US government debt. This is supposed to lead to a financial Armageddon that will wreck the US economy. The China threat is being used as a lever against policies that include an enhanced fiscal (...)
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