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They would rather have a slowdown than run into a crisis.....
by zachguo 8y ago
They would rather have a slowdown than run into a crisis.....
- friedman23 8y agoSure but that is not the actual trade off. You don't prevent an economic crisis by allowing foreign investment to slow down. To use another medical analogy the idea that you can prevent an economic crisis by slowing growth is like the idea that you can cure diseases by using leeches to suck out them out. The way to prevent economic crisis is to stamp out fraud and high risk investment practices (curing the actual disease). Encouraging American business to move factories outside of China does neither of those things.
- zachguo 8y agoThere's so-called economic reform, such as moving up in supply chain, cutting debts, and reducing reliance on foreign investment.