The stimulus is a bust in China too

posted by
August 21, 2011
Campaign For Liberty
by Doug Bandow  
Posted in Commentary

"The conventional wisdom is that China saved its economy with a big government 'stimulus' package. But after binging on debt to finance wasteful construction projects, the country faces an inflationary hangover. ... The good times are not likely to go on forever, and when the bust comes, the Communist Party might find itself facing a stiff political challenge. After all, the regime long ago lost its so-called Mandate from Heaven." (08/17/11)  

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