It’s interesting to see a noted economics professor, Zhang Weiying, at a major Chinese university advise the Communistic China government on what it did wrong in the past, using Keynesian stimulus efforts which had failed to keep their economy functioning at an even keel, despite all the funds thrown at the problem.
As a result, they put a stop to this loose money policy, something to which our pundits of monetary policy at the Fed and fiscal policy at the Treasury are still committed. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
No comments:
Post a Comment