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The corollary would seem to be that, unless the Chinese government is Moslerian, there's a high risk of a financial crisis.

Where's a Beijingologist when you need one?

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Jun 20th, 2013 at 07:50:10 AM EST
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Moslerian or pragmatic.

You don't need to understand economics to keep spending money until it works. In the same way that you don't need to know ballistics in order to keep firing ranging shots until you hit something.

It helps, though.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Jun 20th, 2013 at 07:59:11 AM EST
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They have shown Mosler-ian tendencies in the past.
They certainly have more avenues open to them than would be embraced by (for example) the ECB...
by Metatone (metatone [a|t] gmail (dot) com) on Thu Jun 20th, 2013 at 11:28:45 AM EST
[ Parent ]

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