Posted inBeijing, China

Don’t blame China for America’s economic woes

US policies are responsible for America’s economic problems, not China. Perhaps the most damaging such policy was the repeal of the 1933 Glass-Steagall Act (GSA) in 2000, which paved the way for “casino banking” practices that eventually led to the 2008 financial crisis and the “Great Recession.” The GSA was the result of a nationwide […]

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