A Stimulating Idea From China

The place is Inner Mongolia. The city is Ordos. Actually, within 18 miles, there are two Ordos. One looks like a normal city. Built with stimulus money, the second Ordos looks complete except for one …

The American Dream

The precipitous current dip in housing is so explicit in these graphs. Translating the lines into people and numbers brings to mind John Maynard Keynes. As much as Keynesians believe that the stimulus…

©2016 econlife. All rights reserved.