Tag Archives: Economics

More than a Middle Class

A billion people in China are NOT in the middle class. Typically we hear about the roughly 300 million people that make up China’s middle class. This figure makes marketers drool, and is the cause for much self-congratulation by the … Continue reading

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Knowing what we don’t know: the Chinese economy

One thing that strikes me about us serious China observers is that we are frequently and completely wrong about the direction China is headed. In the 1980s many top analysts predicted that without democracy China would be unable to grow … Continue reading

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STOP SAYING THAT! “Increased regulation hinders economic growth.”

At best this is a half-truth. For example, consider a new regulation on industrial air pollution. This would certainly add a fi´╗┐nancial burden to industries that produce air pollution, e.g., factories, refineries, etc. But, these represent only a fraction of … Continue reading

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In Defense of Cash

Will getting rid of cash have benefits for society? This is a question that economists and public policy experts have been debating more and more. In fact, India (among other countries) has begun to eliminate all large denomination bills. The … Continue reading

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