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2012/02/24

The China Model Is Unsustainable

-President of Mises Institute speaks! 
"We can't just go save someone," said Gao Xiqing, president of China Investment Corp., China's huge sovereign wealth fund. "We're not saviors. We have to save ourselves," he said at a weekend panel discussion. "State interference in economic life, which calls itself 'economic policy' has done nothing but destroy economic life," wrote Ludwig von Mises. The Chinese economic miracle is nothing but a redder version of Keynesianism. Like all interventionism, the Chinese system is destined for a hard fall."

The China Model Is Unsustainable - Doug French - Townhall Finance Conservative Columnists and Financial Commentary: 'via Blog this'


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