digestive

I got this from Mauldin newsletter, here is excerpt and link to full article: http://www.mauldineconomics.com/frontlinethoughts/when-china-stopped-acting-chinese

Hang on, if I'm not mistaken, isn't this policy similar to what the Austrian school of monetarist say? i.e. the government should issue non-interest bearing currency directly into the economy (missing out the banking system with their interest load in the middle). This is the sort of thing that was done in the Collonial Scrip across the pond with great results. This is exactly what the Bank of England should be doing in an ideal world, so all cred to the Corb!