If only America's leaders were more Chinese. That's the provocative suggestion made in a paper published by the Federal Reserve Bank of St. Louis, and it's sure to elicit a smile among Communist Party bigwigs.
Before this goes to Beijing's head, let's consider how silly this insinuation by economists Yi Wen and Jing Wu really is — and how China is a much bigger worry for the world economy than the U.S. is.
Was the U.S. response to the 2008 financial crisis state of the art? Far from it.