Observations from listening to three economists

[Alfonso Jones]

Last night I attended a meeting at which three economists (all very visible and quite well-known - - - one of the economists was a Nobel Prize winner from a major US university, the other two are very famous Chinese economists). They were sharing their assessments and thoughts about the financial crisis and what is likely to happen in the future in both the USA and in China.

I found it fascinating that the most statist assessments and recommendations - - those with strong positive evaluations of the bailout actions and stimulus packages in the USA and the stimulus packages in China - - came from the economist from the USA. The two Chinese economists stressed that the stimulus packages were not sustainable and that the solution lay in greater economic freedom with resultant expansion of the economy.

Life is amazing.

Bill P

Edited October 31, 2009 by Bill P