Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Cato’s Dan Mitchell and Reagan’s Chinese Echo

January 12, 2016 By Richard C. Young

Ronald and Nancy Reagan with Zhao Ziyang

The Cato Institute’s Dan Mitchell offers promise for the Chinese economy and explains Reagan’s Chinese echo.

China’s economy has hit a speed bump. The stock market’s recent performance has been less than impressive and economic growth has faltered.

Is this the beginning of the end of the Chinese miracle?

If you asked me about six months ago, I would have expressed pessimism. The government was intervening in financial markets to prop up prices, and that was after several years of failed Keynesian-style spending programs that were supposed to “stimulate” growth.

But maybe my gloom was premature.

An article in The Economist examines the new “supply-side” focus of China’s leader (h/t: Powerline).

Mr Xi has seemed to channel the late American president. He has been speaking openly for the first time of a need for “supply-side reforms”—a term echoing one made popular during Reagan’s presidency in the 1980s.
It is now China’s hottest economic catchphrase (even featuring in a state-approved rap song, released on December 26th: “Reform the supply side and upgrade the economy,” goes one catchy line). …Mr Xi’s first mentions of the supply side, or gongjice, in two separate speeches in November, were not entirely a surprise. For a couple of years think-tanks affiliated with government ministries had been promoting the concept (helped by a new institute called the China Academy of New Supply-Side Economics).

Dr. Mitchell also warns about a potential recipe for IMF induced stagnation.

If you want to know a recipe for Chinese stagnation, simply look at the IMF’s recommendations.

Finally, Dan explains,“Some Chinese officials have a very astute understanding of why welfare states don’t work.”

Is Xi Jinping the Chinese Ronald Reagan?

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Cato’s Dan Mitchell KOs Paul Krugman
  • Cato’s Dan Mitchell Exposes Obama’s SOTU Fairy Tales
  • Cato’s Dan Mitchell Strikes Fear
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • For Investors Who Want to Stop Worrying About a Market Crash - July 1, 2022
  • Florida Is a Refresher Course in American Greatness - July 1, 2022
  • Biden’s Economy Even Weaker than Thought - June 30, 2022

Dick Young’s Must Reads

  • What Do You Know About Rho-Kinase?
  • CONSTITUTIONAL CARRY: Alabama Becomes 22nd Permitless Carry State
  • The Armed American Family: Part I
  • Concentrate on Dividend Record and Compounding
  • America’s Silent Army with 423M Guns
  • Vermont Abandoned, Dairy Farm Economy Devastated
  • Victor Davis Hanson: How to Bust DC’s Stronghold
  • Protection While Traveling in France
  • Tucker Carlson Interviews My Favorite Florida Farmer
  • The Case for Individual Stocks: Now More than Ever

Disclosure

RSS Youngresearch.com

  • Happy Independence Day
  • Even Without Food and Gas, Inflation is Soaring
  • Despite Inflation, Best Year Ever for Vacation Demand
  • Time to Save, Troubles Dining Out, and Intelligence on Yellowstone
  • Purchases of Gaming Chips for Crypto Mining Tailing Off
  • RURAL RENAISSANCE: America Finds the Country Again
  • Are Google, Amazon, and Microsoft About to Crash This Specialized Real Estate Market?
  • Why Work When Taxes Take It All?
  • Regulators’ Bungled Attempts to Cut Emissions Drove Oil Prices Higher
  • Your Survival Guy in Paris: Awakened from His Slumber, “Dad, I’m Going to London”

Happy Independence Day

For Investors Who Want to Stop Worrying About a Market Crash

Breaking News: House Election Update

WATCH: New York Governor Melts Down When Asked for Facts

Florida Is a Refresher Course in American Greatness

Should You Believe Ms. Hutchinson?

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives