Education: A Better Tomorrow

When we start looking at the political posturing around the world, we see world leaders and their advisors making serious mistakes. The President of China made a huge mistake when he condemned the United States of America at the Davos World Economic Forum. Now, it is true that there were many people upset with the Credit Default Swaps, and to the Mortgage Bundles that helped bring down the global economy.

Still, the president of China owes the United States a great sense of gratitude. If it were not for the US middle class consumer, China could not have experienced the 10% GDP growth year-over-year that they have for the last two decades. In fact, China would not have the third of fourth largest GDP of any nation on this planet if it weren’t for the United States buying all of their exports.

» Read more: Why Did the Chinese President Condemn US Monetary Policy at Davos and the BRIC Conference

Related posts

• The real effects of monetary policy in the European Union: what are the differences?
• Do Monetary Handcuffs Restrain Leviathan? Fiscal Policy in Extreme Exchange Rate Regimes
• Thinking Positively About Monetary Policy – How “Quantitative Easing” Can Serve The Public Good
• International monetary policy: a global Taylor rule
• Independent Review of the Operation of Monetary Policy in New Zealand