4 ms·
Wonder what Paul Krugman think about this. Edit. It's an honest question, these towns might turn out to be a good thing, I don't know.
by smokeyj 14y ago
Wonder what Paul Krugman think about this.
Edit. It's an honest question, these towns might turn out to be a good thing, I don't know.
- PakG1 14y agoBest Krugman comment on China I've ever seen, although it's inspired from reading someone else's analysis. http://krugman.blogs.nytimes.com/2012/06/11/financial-repression-chinese-style/ http://krugman.blogs.nytimes.com/2012/06/11/financial-repres...
- reginaldo 14y agoThe original analysis was posted and commented here on HN. http://news.ycombinator.com/item?id=4091199 http://news.ycombinator.com/item?id=4091199
- PakG1 14y agoYes, but I find Krugman's insight on that much more interesting. Hempton did an excellent job to summarize the issues. But Krugman is the one who identified what I believe to be the more important issue after thinking about it: the time bomb of when the savers become dissavers, and the corresponding consequences.