This falls into the category of "essays so good I really can't comment on them," but folks should read James Fallows' latest on what we owe the Chinese. You always hear about how they largely own our country and could destroy our currency and manipulate our markets, but Fallows clearly lays out what that means, how that massive imbalance came into being, and what its ongoing effects are. It's journalism of the sort that lets you understand something that, for years, you've probably been pretending to understand. Well worth your time. So long as I'm linking to Atlantic content, by the way, I should throw in a shout-out to Caitlyn Flanagan's essay on Katie Couric. I'm not a huge Flanigan fan, but it's a very good piece.
