loosecannon
Senior Member
- May 7, 2007
- 4,888
- 269
- 48
I keep paying attention to the Chinese who seem to be adhering to a far more stringent variation of monetarism. They intend to curb volatility and bubble formation by limiting capital formation at the commercial bank level.
If monetarism was the slave in service to the economy as Milton Friedman suggested it might be an extremely useful tool. But in a global capital market nobody operates in the requisite isolation.
I can't believe you are actually praising the Chinese system. Do you really hate this administration so much? The Chinese are able to control any goddamned thing they want. They are a quasi capitalist regime that has figured out how to rake in profits for the government, but which hardly extends to its citizens. China remains a Communist nation. Hello?
Unfuckingbelievable.
wasn't it you who just mumbled some gibberish like this:
I love all the doomsday predictions by economy expert webnutters. Real experts of all persuasions are working diligently to come up with real solutions. These are the ones who, without political bias, aren't secretly hoping the US will crash.
Willie wasn't hoping the US would fail and I was merely commenting on the tactic China is using. Because it may turn out to be a better monetary tool than setting interest rate targets.
And the economists you praise seem to be A) more concerned about the banks than the nation or B) failing miserably.
Last edited: