I am repeatedly puzzled by this claim, which you will find in Michael Pettis, Paul Krugman, and others (WSJ), even Stephen Roach. It might make sense for short-run matters, when prices are (maybe) sticky. But as of late we are talking about how to restructure China for medium- and long-term growth. Investment good prices are […]

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Comments Please don’t skim, but actually read Pettis! – he uses ... by A * I don’t understand where Tyler is coming from here at all. ... by Jonathan Vause * Bridges to nowhere is consumption. by tryna help * There is a long line of commentators that thinks savings is ... by Dismalist * Considering the success China has had, maybe it is time to stop ... by Congratulations or else Related Stories Driverless Cars May Already Be Safer Than Human Drivers * Congratulations to Tharman! * South Appalachia > North Appalachia