
While prices are skyrocketing in the United States and Europe, Chinese inflation is surprisingly low. What Beijing sees as a sign of strength, however, has many causes. Not all of them are the achievements of economic planners or the result of systemic advantages.
By Redaktion Table
A monetary policy that has been fiscally appropriated – could be an explanation for the high inflation, writes Willem H. Buiter in Standpunkt. This theory is particularly convincing with regard to the ECB.
By Redaktion Table
Prices in China are climbing. The prices for Spinach alone saw an increase of 160 percent. Many people worry that food could become scarce. And in some places, panic buying has already started. And the government's attempts to calm people's fears are failing. Foreign companies in China are also affected.
By Ning Wang