XLRE - The Twin Ghosts Of Classical Liberal Economics Haunt China

Nobel Laureate F.A. von Hayek

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Ludwig von Mises, von Hayek's Mentor and Founder of the "Austrian School of Economics"

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Introduction

China is an enigma. Who else can build a modern city in the desert (which no one needed) for one million people, at a cost of over $1 billion, only to see it remain 90% empty (Stephy Chung, 2016) long after it was built? What other country could pour more concrete in three years than the US did in the entire 20th Century (Niall McCarthy, 2018), and more

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