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What's up with this weird jump in cpi? And what did China do Differently to us to not have high inflation?
They didn't pump hundreds of billions of dollars into the free market?
Look at the 5 year view to see the jump
Do you think china's market is free? If so, the stated owned companies are the ones carrying the debt. Not sure how different that is to a state having the debt.
https://www.cnbc.com/2021/06/29/china-economy-charts-show-how-much-debt-has-grown.html
And what about my other question. Where does this jump come from?
Turns out, it's advantageous to loan out money when global interest rates were dropping to about 0. Who woulda thunk?
What are you talking about? China was never at 0% interest. What does that has to do with the previous comment?
The principle being, lower interest rates lead to more debt because spending is less expensive.
Democracy is always superior to authoritarianism, long term. Regulated capitalism is always superior to state owned and directed business.
Marx disagrees with you.
The Soviet Union does not. State capitalism is not good for the people.