News for hackers. Stuff that matters.

A comment on The Macroeconomics of Chinese kleptocracy. Parent comment

Re:The Macroeconomics of Chinese kleptocracy by jasonwatkinspdx on Sunday June 10, 2012 @12:46PM (#4091503)
I don't see how what you're saying addresses anything in the article. What am I missing?
[ Parent | on HN ]
Re:The Macroeconomics of Chinese kleptocracy by crdoconnor on Sunday June 10, 2012 @12:58PM (#4091522)
It sounds like "kleptocracy is fine provided it doesn't cause a boom/bust cycle".
[ Parent | on HN ]
Re:The Macroeconomics of Chinese kleptocracy by jasonwatkinspdx on Sunday June 10, 2012 @02:30PM (#4091760)
To elaborate: I can understand how temporarily forcing a negative nominal savings rates on a population might be beneficial in the short term in the Keynesian sense.

But a forced, regressive negative real savings rate? I cannot think of a moral justification for that.

[ Parent | on HN ]
Re:The Macroeconomics of Chinese kleptocracy by nikcub on Sunday June 10, 2012 @05:46PM (#4092326)
Having a country being run as a Mafia state is better than living in a real estate bubble?
[ Parent | on HN ]