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Bubbles Of The Red Ponzi—An Austrian Diagnosis

Summary:
Even as expansionary monetary policy boosted the GDP of China post-recession, this expansion is barely seen in the production of basic consumer goods. It represents a speculative bubble in fixed asset investments (FAI), especially on real estate. From an Austrian-school perspective, this bubble is a consequence of a change in the structure of production of the economy of China stimulated by their expansionary monetary policy. https://davidstockmanscontracorner.com/?p=359516&preview_id=359516&preview_nonce=bd11629c78&preview=true

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Even as expansionary monetary policy boosted the GDP of China post-recession, this expansion is barely seen in the production of basic consumer goods. It represents a speculative bubble in fixed asset investments (FAI), especially on real estate. From an Austrian-school perspective, this bubble is a consequence of a change in the structure of production of the economy of China stimulated by their expansionary monetary policy.

https://davidstockmanscontracorner.com/?p=359516&preview_id=359516&preview_nonce=bd11629c78&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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