Fifteen years on, the side-effects of China’s 2008 lending spree are an argument for better stimulus, not zero stimulus. Public borrowing to rescue an economy can leave a difficult financial legacy, as Mr Eichengreen’s book points out. But that is different from saying that “not borrowing would have been better”.
Original Image Link
Source:www.economist.com
Original Image Link
Source:www.economist.com
Posted: 2023-11-23 02:39:00