Summary:
Mainstream economists claim China needs more consumption and a bigger welfare state. They think China's high savings rate is a bad thing. These economists are wrong. Original Article: "China Needs More Economic Freedom—Not a Bigger Welfare State" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
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Mainstream economists claim China needs more consumption and a bigger welfare state. They think China's high savings rate is a bad thing. These economists are wrong. Original Article: "China Needs More Economic Freedom—Not a Bigger Welfare State" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Topics:
Mihai Macovei considers the following as important:
This could be interesting, too:
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Mainstream economists claim China needs more consumption and a bigger welfare state. They think China's high savings rate is a bad thing. These economists are wrong.
Original Article: "China Needs More Economic Freedom—Not a Bigger Welfare State"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.