The End Of China’s Boom China could continue growing if it became an innovation society. But innovation requires freedom
WASHINGTON – The China story has changed, quite a bit. Yesterday it was about relentless growth. Today it is...
Tag: Economic Theory
The State Is Not A Competent Entrepreneur – Huge Distinction Between Awarding Grants And Running Companies A recent review of the book "The Entrepreneurial State" may engender confusion between the two, quite separate, activities
By Paolo von Schirach August 5, 2013 WASHINGTON – “The state is the real engine of innovation“. Under this...
With A Slowing Economy, China Is On Its Way To Becoming A “Normal” Country Construction boom and export-led manufacturing not as strong as before. Huge amounts of bad loans. Environmental disaster
By Paolo von Schirach July 15, 2013 WASHINGTON – If you listen to Beijing Government officials, everything in China’s economy is...
Bernanke Says “Highly Accomodative Policies” Still Needed, And Markets Shoot Up It is bad when Central Bankers, rather than economic fundamentals, move markets. We end up with fake valuations
By Paolo von Schirach July 11, 2013 WASHINGTON – No, America, the Fed is not going to remove the...
Xi Jinping’s China Is A Country With Major Aspirations Undermined By Serious Systemic Weaknesses China's economy may have crested, while its citizens are becoming restless
By Paolo von Schirach June 9, 2013 WASHINGTON – It is a good thing that President Obama hosted Xi...
Greece Lacks A Modern Land Tenure System – Property Rights Vague, Litigation Common Lack of clarity on who owns what makes buying and selling complicated, hurts the Greek economy. Greece just like Africa?
By Paolo von Schirach May 27, 2013 WASHINGTON – What do Greece and Madagascar have in common? Well, not...
Americans Now Believe That They Live In An Unfair Society In Which The Rich Have Rigged The System – Time To Do Our Best To Reinstate The Old Belief In America As “Opportunity Society” With Open Access To All
By Paolo von Schirach December 28, 2012 WASHINGTON – True or not, the Occupy Wall street protest...
Demonized By The Left, Ryan Is Attacked By Former Budget Director David Stockman For Being Unserious – Ryan’s Plan Just Pie In The Sky? – Still, At Least Romney-Ryan Want To Discuss Major Spending Reform
By Paolo von Schirach August 16, 2012 WASHINGTON – If you listen to Obama and his surrogates,...
By Picking Paul Ryan As His Running Mate Romney Has Created A Stark Choice For America: More Of The Same With Obama, Or Bold Fiscal And Tax Reforms On Top Of New Economic Policies With The Republicans?
By Paolo von Schirach August 11, 2012 WASHINGTON – Good luck to Mitt Romney. By choosing Paul...
The Book “The Great Stagnation” Explains Why The US Economy Is Not Growing The fantastic wave of tech innovation that led to high growth is over. Invest in science in order to generate brand new technologies that will trigger new economic expansion
WASHINGTON – If you are a true believer in free enterprise and therefore think that what America needs right...