5min chapter

Odd Lots cover image

David Woo on What the Economists Got Wrong About the Stimulus

Odd Lots

CHAPTER

Supply Issues

i'm wondering is the response to supply issues, can that be good for the wider economy? For instance, if people decide that china is too risky and they start building a manufacturing capacity closer to home. That would seem to potentially be a good thing. But neve swe got to be very, very careful to think of that's wy trumped. The last 20 years, we've seen a massive rallyin the stock market, in basing, the home prices and wealth in general. And that's all because of dis inflation as he result of globalization.

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