Dropping Money From Helicopters: Economist John Cochrane On Inflation | Peter Robinson | Hoover Institution
Uncommon Knowledge
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The Copying That Payed Off for China
The UK had wonderful machinery and looms that they didn't want us. The copying that paid off for them was copying our economic system. They, to a small extent, copied the free market system. China is now stuck at the middle income trap. This is after the big growth. And they're trying to rein in the Jack Ma's.
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