Monday, April 5, 2010

Beware the Chinese Repo Men!

Veronique De Rugy, senior research fellow at the Mercatus Center (George Mason University), has some interesting data on foreign holdings of U.S. debt. As she points out, "While the ownership of our debt may be theoretically neutral, there is a case to be made that this debt reliance gives significant bargaining power to individual foreign governments."

1 comment:

JeffS said...

Well, there's certainly cause for our debt to be controlled by foreign governments. There's no control like economic controls.