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Posted by on Sep 11, 2011 in Podcasts, TG Roundup, Worldwide

Keynsian Economics and China’s Infrastructure Projects

సెప్టెంబర్ 9 , 2011 MMGL show లో చైతన్య గారితో నేను చేసిన సంభాషణలో, చైనా దేశం లో ఎడా పెడా కొత్త కొత్త నగరాలు కట్టేస్తున్నారు అని చెప్పాను. ఇవి భూతనగరాలు (ghost towns). ఒబామా ఉద్యోగాల పధకం విఫలం అవుతుంది అని చెప్పాను. ఈ  సంభాషణ  విన్నవాళ్లు ఈ  వీడియో చూస్తే నేను చైనా గురించి చెప్పిన విషయం అర్ధం అవుతుంది. అలాగే solar power గురించి మేము మాట్లాడిన ఉపయోగకర విషయాలను note చేసుకోండి.

This is what Zero Hedge has to say about the Chinese Ghost towns.

Two years ago we first covered the flip side of the Chinese real estate “boom” story by presenting the ghost city of Ordos. Today, on the two year anniversary of China’s Keynesian miracle being exposed for the whole world to see, Al Jazeera goes back to Ordos to see if anything has changed. And while Paul Krugman may be shocked, shocked, that the Keynesian approach of building for the sake of building does not work not only in the US but pretty much everywhere, it will be no surprise to anyone, that as Al Jazeera concludes, “it’s still pretty quiet, but here’s the remarkable thing – the building has’t stopped, somehow people are convinced that if you keep building, people will come. If not in a few years, then… eventually.” And somehow we keep bashing the Fed as the only source of Einsteinian insanity, when it is the same cretins from the Princeton economics department in both the monetary and fiscal arena, who know one thing and one thing only – do whatever ultimately fails, just keep on doing it.

it looks like the same report they filed two years ago

Another report:

Broadcast date: Sept 9, 2011.

Audio language: Telugu

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