Saturday, March 16, 2013

Deng Xiaoping maxim and global growth

The radical pragmatism as captured in Deng Xiaoping’s maxim that “it doesn’t matter if a cat is black or white, so long as it catches mice” may be needed around the globe. Could this maxim be applied to regulation and macropolicy in the US? How would this maxim be applied to the problem of global growth? 

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