But is he listening?

At last someone is talking sense in America!

Writing in today’s Financial Times, a professor at Columbia University has warned against another round of money printing, otherwise known as Quantative Easing, which has been dubbed QE3 by commentators.

Increasing the money supply yet again is not going get America out of her thirteen trillion dollar deficit – cuts will, something like the cuts seen by Great Britain when she realised post Suez that she no longer had the economy to sustain her military adventures which were part of her manifest destiny.

Of course, that Suez moment was brought about after America reminded her that she was no longer a Great Power.

Will it take China to do likewise with this still wealthy, if vastly overstretched nation that says she is not an empire.