This Chinese economic Keynesian trick of interjection of liquidity into national infrastructure is somewhat similar to the TVA and national works projects funded under Roosevelt’s depression-era New Deal. In this approach employment and therefore a growing tax base accelerated year after year as workers and corporations received the short-lived benefits of this massive windfall of […]
David Stockman considers the following as important: Recommended Reads
This could be interesting, too:
David Stockman writes The Two Easiest Dots Anyone Will Ever Have To Connect
David Stockman writes The Rot Preceded The Covid-19 Shutdown
David Stockman writes No, 80% of America’s Pharmaceuticals Do Not Come From The Chicoms!
David Stockman writes Good Job, Jay: Fed’s Manic MBS Buying Is Destroying Mortgage Lenders’ Hedges