In 2020 we learned how to prevent a collapse in real economic activity impacting household incomes. Personal income fell more steeply than in 2008 but gov spending more than offset. It provided security, not consumption boost. But imagine consumption w/o..
thedailyshot.com/2020/11/30/us-… https://t.co/Hind4D2cii
"In 2012, there were 99m impoverished people in China. Beijing spent some 1.5tn renminbi lifting them up and sent 2.9m
January 28, 2021
"In 2012, there were 99m impoverished people in China. Beijing spent some 1.5tn renminbi lifting them up and sent 2.9m officials to the poorest villages