By Douglas French
The Chinese are making the same mistake FDR made with his many government programs during the Great Depression and Trump and Biden made with massive government programs during the covid crisis.
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By Douglas French
The Chinese are making the same mistake FDR made with his many government programs during the Great Depression and Trump and Biden made with massive government programs during the covid crisis.
"Austrian Business Cycle Theory tells us that recessions are an indication an economy is healing."
This is the very important, which many people dont realize.
Its important to have peaks and valleys, so that society and economy move forward.
That's not my view, at least not to the extent we currently have them. I'd say that valleys are inevitable after an artificial peak.
Its because we arent allowing the economy to heal.
When we are pumping in all this excess money to "help," it just makes it worse.
Borrow more what, Yuan, and from which lender, from China?
Makes no sense.
It makes sense when you disaggregate. China isn't borrowing from China. The Chinese regime is devaluing the savings of the Chinese people, so that they can spend more on their ill-conceived projects.
Now that makes sense (in the sense that of inputs and outputs.)
I'm sure that was implied, I asked myself the questionand thought, why they don't write "China is devaluing / dilluting the Yuan?"
Other options to "borrow"
Or it doesn't borrow. If any national economy went through the bandaid problem, economic activity would recalibrate. Cash would maintain its PPP. Things would become affordable to 'the people'. It's so obvious.
Appreciate your answer.
If anything, it seems like China's looking to increase their gold holdings. They've been gradually unwinding their position in US Treasuries for a while, but I'm pretty sure it's just been normal central bank "borrowing".
Unfortunately, it's not obvious enough.
Looking to increase their gold holdings and dillute their national currency simultaneously. We live in a world of playing chicken with our nation's material wealth.
Hitler should of been the go to comparison
Inspired by FDR
Oh right, I forgot about all those American gas chambers and piles of jap shoes
I forgot about where that had anything to do with the article.
Also, I think you mean Jewish shoes. It was FDR who did the Japanese concentration camps.
R. E. The Big ass quote at the top of the screen.
Go back and reread.