eh ya hey ya eh yo

“Would I dump the dollar [if I were China’s central banker]? I don’t know. Look, if you accumulate $2 or $3 trillion of foreign reserves, you’re in a tough spot. George Stigler, a Nobel laureate here at the University at Chicago, used to wake up every day and give himself a D. But that made him feel good because he gave everyone else an F. For every criticism of the U.S. economy, whenever people go into a panic, they look around and say, “That’s the cleanest shirt I have. So I’m putting it on.”