18 months ago in China, Paulson was touting free market principles to China. He lectured a Chinese audience that it was risking trillions of dollars in potential economic growth unless it freed its capital markets.
"An open, competitive, and liberalized financial market can effectively allocate scarce
resources in a manner that promotes stability and prosperity far better than governmental intervention," Paulson said.
How do you think China is accepting Paulson's views now?
The US has a consistent do as I say and not as I do foreign policy. Any wonder why the world view of our government is so poor?
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