Comment by throw156754228
Comment by throw156754228 2 days ago
> I don't think the government applying such levers to change how the market allocates capital probably won't be a win for economic output or quality of life.
We've got China cheating with their massively deflated currency, so how the market allocates capital is already screwed.
you probably didn't read news lately. your CNY deflation theory is no longer being cooked by your MSM for a good reason - if the CNY deflation claim is true, then it means the Chinese economy has probably already surpassed the US economy not just in PPP but in real term as well. That would cause huge load of issues for the US which is never prepared to be the No.2.