>But if you are a country with a large national debt relying on
>internationally-mobile foreign capital to finance a large chunk of it, that
>seems to be the way it is.
Is it your, or anyone's, sense that elite policymakers worry about 34% of Treasury debt being held by foreigners, up from just 21% in early 1995? Do they worry about a net foreign debt of $2 trillion, and a net international investment income slipping into the red? You used to hear about this in the 1980s, when the numbers were much smaller, but you almost never do now.
Doug