Xi Jinping May Be An Authoritarian, But He's Not a Magician

From the minute the money is spent, government spending slows economic growth. That’s because central planning of resources is central planning of resources.

That government spending is an economy-sapping tax requires mention as economists and economic pundits speculate on who will blink first in response to a mindless tariff war, Donald Trump or Xi Jinping. Oh well, who will?

 

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