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Read his book The Great Rebalancing. There are pros and cons to it, whether you think it's an overall positive or overall negative likely depends on who you are
by AJ007 11y ago
Read his book The Great Rebalancing. There are pros and cons to it, whether you think it's an overall positive or overall negative likely depends on who you are and what interests you seek.
One thing I've learned, most people do not understand international trade or the balance of payments.
- dools 11y agoOne thing I've learned: most people do not understand even the fundamentals of how money or the economy work on any level (including most economists, and most people who work in banking, finance and government). The level of ignorance is astonishing, at all levels.