Corrigan on inflation, unemployment and the stimulus
On inflation, unemployment, especially desperate youth unemployment, and the stimulus. Consider, in the lows of the first years of the century, there were 2.8 people seeking every job; the ratio is now 6.3.
Steve Baker was a co-founder of The Cobden Centre. He was first elected Conservative MP for Wycombe in 2010 and he served on the Treasury Select Committee. He was previously an aerospace and software engineer. Among other things, he worked with major banks and regulators internationally.
[Editor’s Note: this piece, by Yonathan Amselem originated here: https://mises.org/library/reality-behind-numbers-china%E2%80%99s-boom-bust-economy] Last year, the world was stunned by an IMF report which found the Chinese…