By Rand Paul
Obama acts as though we no longer have a Constitution
When leaders of the world's No. 1 and No. 2 economies get together as they did in Washington this week, people increasingly ask which one is which.
But that model, while effective at industrializing the economy and bringing it up to modern standards, turned into a major bust in Japan and other Asian countries once they reached the limits of such export-led growth, he said.
Michael Pettis, finance professor at Peking University, said China is the one that should avoid becoming overconfident.
