Re:Belarus to create a regulatory environment for circulatio...
by JumpCrisscross on Friday December 22, 2017 @09:50AM
(#15987781)
> The current prevailing economic policy consensus is very much misguided in that it only focuses on increasing investment
This is a straw man [1]. Consumption is generally recognized as being the dominant component of market economies' GDPs. The IMF's position with regards to China has been, consistently and for years, that they are prioritizing investment over consumption to the detriment of stability.
This is a straw man [1]. Consumption is generally recognized as being the dominant component of market economies' GDPs. The IMF's position with regards to China has been, consistently and for years, that they are prioritizing investment over consumption to the detriment of stability.
[1] https://en.wikipedia.org/wiki/Straw_man