Even Communist China Now Avoids U.S. Keynesian Stimulus Economics

It’s interesting to see that a noted economics professor, Zhang Weiying,  at a major Chinese university, is now advising the Communistic China government on what it has done wrong in the recent past, using Keynesian stimulus efforts which have failed to keep their economy functioning at an even keel. The Chinese growth has stalled despite all the funds being thrown at the problem.

As a result, they are putting a stop to this loose money policy, something our pundits of monetary policy at the Fed, and fiscal policy at the Treasury, are still committed to. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)