I've always had a fascination with the interaction between the U.S. and Chinese economies, but my understanding has its limits. As I read article after article commenting on how perilously perched on the Chinese our economy has become, I can't help but wonder, isn't that the point of free markets? To encounter this sort of danger?
But then again, isn't this threat the result of a state-controlled currency (to use a Ron Paul-ism, unsound money)? But doesn't this risk allow us to reach greater economic heights?
I have little understanding of economics, but those in the know, please fill my comment thread. I'll salvage the thoughtful and insightful comments for readers.
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