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Ultimately, if you're a country and you can "hide" debt, or make sure it's such a national security secret that nobody can ever know you're using tricks to hide
by jokoon 7y ago
Ultimately, if you're a country and you can "hide" debt, or make sure it's such a national security secret that nobody can ever know you're using tricks to hide it, you can effectively grow your country very quickly and effectively.
As long as you can cover your tracks, things are good.
And in the end, if your secret is out in the street, you don't really care because you already developed your economy, which is a huge benefit. I guess that's an advantage of what China is doing.
- SubiculumCode 7y agoIf that is true then the implications to monetary policy would be astounding.
- jokoon 7y agoAs long as the debt remains between chinese lenders... That's a good way to give everybody money, and in fact that is a good way to have fake capitalism. In a country like china where everything is in government control, without any investigative media, systematic corruption... I don't like conspiracies, but it seems like it's possible.