2 ms·
The chinese gov prints money electronically and buys the bad debt off the banks and the banks keep lending. We don't do this in the west because the government
by narrator 8y ago
The chinese gov prints money electronically and buys the bad debt off the banks and the banks keep lending. We don't do this in the west because the government has to borrow money to create it and sticks the taxpayer with the bill. The cognitive dissonance on this is astonishing.