Isabella M. Weber has the article Will China Save the US from Inflation Fears?

The Federal Reserve Bank of Atlanta warned last month that the US might be headed toward an inflationary episode on par with the period following World War II, when the release of pent-up demand fueled a 20% surge in prices. But China’s efforts to stabilize commodity prices should help to avoid a worst-case scenario.

I have been reading articles about the possibility of inflation in the USA economy. This is the first article I have read about the history of practical attempts to control inflation.

The Institute or New Economic Thinking has the podcast and transcript How China Escaped Shock Therapy.

Isabella Weber, assistant professor of economics at UMass Amherst, discusses her new book on how China managed its transition from central planning to markets

This answers a lot of questions that I have had about China even though I have been reading commentaries from people who have been economic consultants to China. I am only now getting a picture of how the Chinese Cultural Revolution of the 1970s played into China’s situation today. I was always mystified as to how they went from the 1970s to now.

This ends up being an explanation of my “What Worksism” policy.