indeed! deflation and debt is a nasty nasty thing that causes a vicious feedback loop. Also, as you point out a fixed money supply would have caused painful di

indeed! deflation and debt is a nasty nasty thing that causes a vicious feedback loop. Also, as you point out a fixed money supply would have caused painful distortions in the Chinese economy, as the yuan grew in value (like 0.00001yuan for a cup of tea)