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Joined: 28 Dec 2005 Posts: 11979
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Posted: Thu Feb 12, 2015 8:04 am Post subject: T Yang - World's Greatest Economist |
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PeakTrader:
Here’s what someone in China, who says he studied economics, said to me a few years ago:
“I can not say you are an idiot, but completely brainwashed by the western media, let’s teach you some ABC to anti-brainwash; news from NY times: “There are few Chinese factory workers earning over $100 a month” is it true? can you doubt such an authoritative media? of course you belive it is ture because you are brainwashed, however, you are human being, you can use the $100 to think more. can $100 explain China’s saving rate (45%), 450 million Mobile phone/400 million fixed line phone user, 99% Color TV owner, 9 million vehicles sold in a Yr ….., if you can explain perfectly, please go to metal hospital directly.
…China’s nice economic polices such as 8 employees theory; cat theory, stone theory, SEZ theory, tier development theory, three reprenstive theory…; China’s development have proved those polices are wonderful policies, perhaps the best one in human history. China’s policy makers are master in making economic policies for a transferring economy, in this field, U.S can not give any advice but only a pupil.
let’s sample “8 theory” as it clarifies that it is socilism not capitalism if you are employeeing 8 staffs or below, the policies was implemented in Year 1988, economy was then booming contributed to the theory, Cat Theory – It doesn’t matter if it is a suboptimal economic policies or optimal economic policies, as long as it escalate economic growth, it is a good policies. No-argument thought – Do not debate this anymore.”
Deng Xiaoping – the world’s greatest economist
http://www.china.org.cn/opinion/2014-08/22/content_33303318.htm
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