[lbo-talk] Neocons and the NichiBei "Empire"

Doug Henwood dhenwood at panix.com
Sat Dec 13 13:55:44 PST 2003


Brad Mayer wrote:


>Which means, basically, that American over-consumption is a global
>state-financed enterprise.

Well not exactly. The central banks are just recycling the dollars we send abroad when we buy imports. They take those and buy Treasuries, which allow us to buy more stuff, etc.

Doug



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