Exorbitant Privilege

"For Eichengreen, the threat to the dollar comes not from the Chinese but from America itself, and particular “eye popping” US deficits. He blames the ballooning of the deficit during the good times of the Bush era, the cost of tackling the financial crisis and the ticking time-bomb as the baby boomers reach retirement."

The Enlightened Economist :: Exorbitant Privilege - a guest review