A Heaping Dose of Economic Nonsense from Thomas Friedman on China

No one expects to get serious insights on the economy from reading Thomas Friedman, but he really went off the deep end in today's column. The piece is a diatribe about how our economic weakness is preventing the United States from acting like a real superpower.

At one point Friedman tells readers:

"We need to counterbalance China in the Asia-Pacific region, but that is not easy when we owe Beijing nearly $1.3 trillion, because of our credit-fueled profligacy."

Presumably Friedman is referrin...