tag:blogger.com,1999:blog-6244999628674918029.post4305851161747315932..comments2024-03-29T04:54:50.435-05:00Comments on Bayou Renaissance Man: The end of China's economic miracle?Peterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6244999628674918029.post-78309384896251823642013-07-25T09:27:37.572-05:002013-07-25T09:27:37.572-05:00This should not be news to anyone familiar with ba...This should not be news to anyone familiar with basic macroeconomics. (That excludes anyone working for a government.) The points made by Stratfor about the inevitable results of bad policy decisions made by politicians who believe that economic laws can be circumvented is, unfortunately, old hat. Been here, done this. <br /><br />The problems arise from ignorance combined with hubris. The Chinese at least have the excuse of leaders that were not elected. In the West, a self-centered and mis-educated majority of voters have consistently put poor choices into power. And all of us will pay for that, as the pensioners of Detroit are finding out now.<br /><br />Change of topic: finished "Ride the Rising Tide" last night. Excellent. Please, sir, may I have some more?Chrishttps://www.blogger.com/profile/08015544320906146949noreply@blogger.com