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Transcripts For CSPAN 20130105

It was never an authoritarian growth miracle begin with. Weve got the effect of Economic Freedom was not on the change in, but on the level of per capital income that countries attain. Free countries are rich countries. Dish with economic repression are poor countries. North america verses africa. That implies when you see it rapid growth, one thing that could be going on in china is you have changes predicting changes. You have a change in freedom and that change predicts a change in income. What happened in china . You had one of the worst totalitarian systems and there was an increase in freedom. You had some increase in political freedom. Chinese people today are much more free, even politically. This release the energy of the Chinese People and you have this rapid Economic Growth. That is the story line that i will give you as to why the chinese miracle and not last. Go ahead. I thought that what by me extra time. I dont know how many of you heard the story. The onion declared nor

The moral hazard of lower interest rates

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