"Owe your banker £1,000 and you are at his mercy; owe him £1 million and the position is reversed," – Keynes.
Bruce Bartlett explains how that relates to the debt the US owes the Chinese here.
"Owe your banker £1,000 and you are at his mercy; owe him £1 million and the position is reversed," – Keynes.
Bruce Bartlett explains how that relates to the debt the US owes the Chinese here.