Mises Wire

What the Rate Hike Portends for China

What the Rate Hike Portends for China

Jack Crooks in the Asia Times argues that the Fed’s interest rate movie could mean a big setback for China’s economic growth. Quoting Mises on the trouble with Credit expansion, he also offers this little chart to account for how US interest rate policy has beeen indirectly responsible for the artifical boom.

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