Why Economist Ken Rogoff Knows Nothing About the Economy of China.
Harvard Professor, former IMF Chief Economist deliberately gets it wrong: I explain why.
Ken Rogoff says China is trapped: “They keep leaning on financial repression and state-directed investment which only makes their situation worse”.
Ken knows that China's real economy has outgrown America's every year since 1951 and will soon be twice its size1. He also knows that, despite US tariffs and embargoes, China’s GDP will be 5.4%, or $1.8 trillion bigger2 at the end of this year than last.
Why does Ken ignore the data and say silly things?
As has been the case since 1951, all economists, professors, authors and politicians must ignore the data and must predict and explain China’s inevitable doom. No questions asked, deus vult.
Like leaders who stubbornly predict Ukraine’s military victory, Ken and every economist, professor, author and politician ignores the data and says silly things because they’ve been hypernormalized3 into a trance state where the
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