2min chapter

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Michael Pettis on Persistent Imbalances in Post-Pandemic China

Odd Lots

CHAPTER

The US' Self Liquidating Process

The cost of those transfers to the household sector becomes self liquidating. There's no inflation area or debt impact, because the supply side will automatically adjust. The long-term infrastructure is probably more important. But in the short term, boosting household income for the poorest is extremely important.

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