Chinese government stimulus builds a city but no one comes

Discussion in 'Economy' started by Kevin_Kennedy, Jan 8, 2010.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Chinese government stimulus builds a city but no one comes - Douglas French - Mises Economics Blog

    This just goes to show why GDP numbers aren't really an accurate depiction of economic growth, because GDP rises as government spends and government spending is not healthy for an economy. It also shows the failure of government planning as opposed to the free market.
     

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