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investment

The Problems of Excess Chinese Debt

13 December 2017

Alice laughed. “There’s no use trying,” she said: “one can’t believe impossible things.” “I daresay you haven’t had much practice,” said the Queen. “When I was your age, I always did it for half-an-hour a day. Why, sometimes I’ve believed as many as six impossible things [read more]

Does Cutting Taxes on the Wealthy Lead to Greater Growth?

26 June 2017

Michael Pettis Policies that increase income inequality can in some cases lead to higher savings, higher investment, and greater long-term growth. But, in other cases, such policies either reduce growth and increase unemployment or force up the debt burden. What determines which of these outcomes [read more]