"What happens when torrid monetary and fiscal reflation in the West meets tighter credit and evaporating liquidity in China?We will find out soon enough who calls the shots for world inflation in a globalised economy dominated by cross-border capital flows. We will also find out whether these two colliding forces moderate each other, or set off the … Continue reading A China Prediction: A Debt Deleveraging in a Decade
Tag: economics
Conversations on Political Economy
Capitalist: Capitalism provides for the most efficient allocation of resources, wealth creation and individual choice. It's the best economic system we've got. State Socialist: There are other values than efficiency, prosperity and choice. Capitalism tends toward oligarchy and monopoly. As industries concentrate and gain economies of scale, wealth creation is concentrated for the benefit of … Continue reading Conversations on Political Economy
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