Another American economist telling China how to organized capitalism with Chinese characteristics. He's better than the "leave everything to market forces" bunch, but it is still a US-based solution that assumes the whole world is like the America and is hopelessly out of paradigm with MMT — the Chinese government needs to get financing from the bond market. In other words, clueless.
Robert Johnson is affiliated with the INET (George Soros) and Roosevelt Institute (Pete Peterson).
INET
The China Delusion
Robert Johnson, President, INET, and Senior Fellow and Director, Franklin and Eleanor Roosevelt Institute
2 comments:
Funny thing is in INET they have interviewed B.Mitchell, R.Wray and Marshal Auerbach is a collaborator.
People like R.Johnson are hopelessly incapable of understanding monetary operations...
The MMT economists bailed on Roosevelt Institute because of Peterson. They need to bail on INET too because of Soros. Their presence is clearly not helping and it is giving MMT the look and feel of being Soros-funded.
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