A note on Debt

Debt is a pretty good book, but one of the notions that rang false, very false, was his contention that other nations' purchases of America's debt are, essentially, tribute money. Here is an article discussing that. http://www.slate.com/blogs/moneybox/2012/04/02/why_china_pays_quot_tribute_quot_to_the_united_states.html The book is quite good and is always thought-provoking, even if not infallible. That is all.