Mises and China
Asia Times has a news item on "FX Trading" that mentions Mises and the Austrian business cycle theory. In focusing on cyclical phenomena in China, Jack Crooks reports also from Stratfor that "Beijing's inability to control local leaders, coupled with a pervasive culture of corruption and nepotism, has left an indelible taint on the government structure that reaches from the lowest levels to the highest." He tells us that "China, as far as we can see, is a real time test case for validation of von Mises boom-bust credit cycle analysis."
Read the whole article here.
Comments (2)
Pete Canning
Crooks is always good for a Mises / ABCT plug.
Published: August 29, 2005 7:39 PM
K. Seurat
China is a real time test case for the validation of the one-child policy. In twenty years when the vast majority of the population is over 40, we'll see the fruits of their labor and whether it is a sustainable economy.
Published: August 29, 2005 8:11 PM