Enzio’s Clock

Everyone talks about overheating. Do you buy into this? First, China's growth is driven by supply, not by demand. Indeed, exports and investments are rising strongly, so I don't see how "overheating" can occur if the supply of goods is increasing. Perhaps one of my erstwhile mentors, Friedrich von Hayek, or economists like Arthur Laffer, Ingo Walter and Woody Brock never got around to teaching me this.

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