Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz
Sunday, July 19, 2009
Step by step - how the dollar is recycled via China
A propos China and monetary inflation, please see two very useful and enlightening articles by The Contrarian Investor - this explaining why the money supply is growing there, and this detailing the steps by which money from the US goes on a round trip to China and back.