'Political, not monetary events kick off hyperinflation.'<blockquote>
'..the burden on the government budget .. started up the printing presses..''Bear in mind that hyperinflation is a complete loss of faith in currency. Political, not monetary events kick off hyperinflation.'
- Mish,
Multiple Simultaneous Games of "Chicken"; Price Controls on Walmart; China Declares Shift to "Prudent" Monetary Policy, December 06, 2010
'The case against price controls is not merely an academic exercise, restricted to economics textbooks. There is a four-thousand-year historical record of economic catastrophe after catastrophe caused by price controls. This record is partly documented in an excellent book entitled Forty Centuries of Wage and Price Controls by Robert Schuettinger and Eamon Butler, first published in 1979.'
- Thomas DiLorenzo,
Four Thousand Years of Price Control'In addition, many of the 25 Politburo members are thought to maintain "close ties" to real estate magnates, many of whom are likewise party functionaries. Posts within the Chinese Communist party, US diplomats believe, sometimes go to the highest bidder. In order to turn a quick profit, such functionaries, sources told the US, are especially eager to push for economic growth, no matter what the environmental or social price might be.'
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'True Democracy' Within China's Politburo? 12/05/2010</blockquote>