The difference between Russia and China
China’s policies often annoy the West.
Russia’s policy is to annoy the West.
Tags:
26 Responses to “The difference between Russia and China”
Leave a Reply
A slightly off-center perspective on monetary problems.
China’s policies often annoy the West.
Russia’s policy is to annoy the West.
Tags:
This entry was posted on February 15th, 2022
and is filed under Uncategorized.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response or Trackback from your own site.
26 Responses to “The difference between Russia and China”
Leave a Reply
15. February 2022 at 16:09
10+ years of reading, first comment. this was a pretty good joke 😂
15. February 2022 at 16:44
It seems rather obvious at this point that Russia doesn’t want to further invade Ukraine, anymore than the US wants troops to engage in any wars there. Russia knows the combination of NATO sanctions and the ability to bleed the Russians with support to Ukraine creates a no-win situation for them there. This appears to be typical, clumsy, hyperbolic bullying attempts from Russia, testing the resolve of NATO.
15. February 2022 at 22:34
Thanks Bob.
16. February 2022 at 05:59
I believe Scott has consistently stated that Russia is dangerous ———-not a mere annoyance. Yes, it is a joke—-but inconsistent nevertheless —-He has all those Nukes after all. And in the end ——that is his Ace in the hole. But this is not his end. I have no idea what he is doing now——but he has us jumping thru hoops——He plans on getting something out of his current actions.
16. February 2022 at 06:26
lol
Still a frightening situation, but there is a lot of truth to that joke.
16. February 2022 at 07:43
Your average Ruskie doesn’t take a dump without a plan.
16. February 2022 at 12:00
NATO is not that innocent folks. You guys are living in a fantasy world if you don’t see NATO as a bully.
1. Placing weapons on the Ukranian border, and attempting to bring Ukraine into NATO is instigating conflict. Russia has every right to respond to that type of bullying.
2. NATO is the architect of almost every disaster in the last thirty years. From Iraq, to Libyia, to Syria, to Afghanistan, it’s all orchestrated by NATO. These are not organic uprisings, they are funded attacks upon those who do not agree with the WEF/NATO agenda. In other words, criticize our policies, don’t play our game, and we’ll throw resources at whatever group wants to destroy you. Just ask the CIA. They already admitted to funding the Syria and Libya conflict.
3. The West, at this very moment in history, is mentally sick. Everyone who is on the outside can see it. And some of us have tried to tell you the truth. But you simply won’t listen. You now live in a world where left is right, right is left, anti-science is real science, real science is anti-science, man is a woman, woman is a man, russia is always bad unless they permit your MNC’s to dominate their markets, socialism good, capitalism bad, so on and so forth. It’s completely devoid of reality.
4. Just take a look at the bizarre, war mongering comments. For example, let’s look at Tom’s comment. The comment is filled with a Nazi like malice and hatred: “your average Ruskie doesn’t take a dump without a plan”. Hmmm…ok. Well, yes, he is correct that Russians are generally smarter than you. My Country has a lot of Russian and American tourists. We meet them everyday. On average, the Russian is more intelligent, more educated, and is more friendly. But this comment alwo shows a complete lack of global awareness, which is to say it’s factually untrue. The average Russian is working at a small mom and pop store, makes a few hundred dollars a month, reads all of the same papers you do, and wonders why you always threaten them with “sanctions”. They see the tremendous corruption in Washington, and the tremendous corruption in the Kremlin, and they see no difference between the two. If they could get both off their backs, they’d be in a lot better shape. They look at your bizarre calls for human rights, while you violate the human rights of others. They see you viciously attack mail in ballots in other countries as corrupt, yet implement corrupt mail in ballots yourself. They see a two faced regime using Sanctions and military partnerships (NATO) to bully every neighbor that disagrees with them. They see a country destroying itself from within, and wonders whether it will lash out as Hitler did in an effort to halt the swift economic slide.
4. The statement about the CCP is also devoid of reality. The CCP is the foremost threat to humanity. They threaten India, Taiwan, Australia, Canada, my country of Thailand, Laos, Myanmar, Mongolia, and almost all of Europe; they are the country that is infiltrating your schools, buying off your politicians and your academics; they are the country that pays millions to contractors who leak information, engage in state sponsored hacking, and force your companies to give them all rights to their technological innovations (it’s not “fair” trade). They are the country that has no qualms placing people into reeducation camps (for years), forcing a non Han to marry a Han, crush any dissent with brute force, attack journalists, and kill academics who don’t comply with the narrative. The Chinese model of tyrannical governance is orwellian in every sense of the word.
C’mon, they even have social credit scores to enforce obediance to the state. The state is like a religion. Not good!
Wake up! If you don’t believe people like me, then you are so screwed. I live here in this region. I know! Nobody here likes China. Their entire population is brainwashed; their people cause nothing but problems for us. Russia is not the enemy. People like Sumner (baby boomer or whatever you call them) are the true enemy of your people. They are the entitled older generation who lived through the cold war. In their minds, they cannot see reality. And their policies bring you closer to the brink of destruction, because they don’t recognize China for the threat that it is.
If you are a young economist, you don’t want to listen to Sumner. He’s not thinking clearly.
That is my plea to the west. Please recognize who your true enemy is, because they want to destroy you. It’s in their constitution. That is their goal. Seriously. Read their constitution. Destroying the American constitution is their primary objective.
16. February 2022 at 12:05
IMMINENT INVASION…….
IMMMINENT……
RED ARMY BAD.
IMMINENT.
BUNKER.
HI MY NAME IS SCOTT SUMNER.
I’M A BRAINWASHED IDIOT!
BABYBOOMER LOSER
16. February 2022 at 12:31
I will give you a grade of C-. Good Try.
Correct Answer:
China’s policies often annoy the West & the East because they are totalitarian and dystopian.
Nato’s policy is to bully eastern Europe, Russia, Africa, South America, and the Middleeast. Any country that doesn’t abide by their “woke marxism” is now a potential “Nazi”. In other words, Russia was too left in the 1960’s (accurate), and are now too right in the 2020’s (innacurate). Apparently, according to some comments, they also “plan too much” – whatever that means. Sounds a bit like a grand conspiracy where your guessing what the Russian people are thinking, as opposed to looking at factual data. This is also what Russians did in the 1960s. Russians thought that America was “secretly” trying to destroy them. They thought the “American mind” was not to be trusted. The same is occuring now, except it’s America that has this mental illness.
Supranationals are simply a version of the CCP. It’s top down, unelected people, setting your policy. The west is already living under these tyrants. It just hasn’t realized it yet.
16. February 2022 at 13:42
And here it is, haha.
Right on time.
In the middle of the month, every month, Sumner praises the dystopian CCP and viciously attacks the Russian people.
Don’t believe me? Look through his posts.
Should be clear by now guys he’s being paid.
16. February 2022 at 15:37
Well, that and China is 10x the size of Russia and will replace the US as the world’s dominant superpower in the next few decades, while Russia’s glory days are clearly behind it.
16. February 2022 at 15:46
An interesting Economist headline on February 12, 2022 was “Asia is not feeling the same price pressures as the West”. It says the price of rice is down 20% in a year. They cite cheap shipping and less tourism. Still it seems weird compared to U.S. inflation.
16. February 2022 at 16:36
https://www.youtube.com/watch?v=-uxHIABQGUw
This video is proof of white racism, and threats to Canadian democracy. They should all be reeducated, and told what to do by Sumner & his liberals. Put them all on a plantation somewhere and never let them out. Those damn white racist canadians.
16. February 2022 at 16:57
https://www.newsweek.com/canadian-towing-company-ignore-trudeau-order-disrupt-trucker-protests-1679957
Hey Sumner, looks like your totalitarian orders are being denied?
What now?
RESIGN!
The military is not going to help you. The truckers are not going to be removed. Nobody is going to listen to your pathetic little orders.
Crawl back into your little bunker, or go to Shanghai where you belong.
16. February 2022 at 17:35
The funny thing is that Sumner will soon pay with his wallet.
The very people he attempts to propup, i.e., little dictators like Trudeau, Xi and Biden, will soon see a reckoning – not just at the polls, but also financially.
He won’t be a paid contributor for the Hill when the Hill loses its “wokeness”. And he’ll be sent back to his tiny office, at his tiny state School nobody knows, like he was for 99% of his career.
Just ask Facebook & Netflix how well their wokeness is working out for them. Netflix has lost 60% of its value, and Facebook has lost a little over 50% in the last year alone. And no, it’s not covid or trends.
It’s people choosing to transfer their dollars to those who stand up for liberty.
Go woke, go broke.
16. February 2022 at 19:14
This summarizes Sumner’s leftwing totalitarians.
https://www.newswars.com/parent-confronts-school-board-by-showing-images-of-maskless-partying-board-members-while-kids-stay-muzzled/
Woman shows picture of maskless school board member, and the school member says,
“If you are going to sit there and disparage a member of our school board, then you can sit down.”
Doesn’t that sound like every historical communist. Criticize me, and you can sit down. Criticize me, and you can go to jail. Criticize me, and you can starve to death.
Because I know what is best. I know more than you. I own you!
This is how people like Sumner think. Dangerous thinking. Dangerous person. Nobody should be surprised he supports the CCP
16. February 2022 at 20:27
Brian, What’s happened to NGDP in places like Japan?
17. February 2022 at 06:22
Scott, off topic from this thread, but do you have any comments on Tyler’s recent article and MR post on Fischer Black?
BTW, the 100,000 troops circling my house are merely there for training exercises.
17. February 2022 at 10:36
-Ankh
Lol, please google the joke pleb 😀
17. February 2022 at 14:19
David, I wrote a post, which I’ll put up at Econlog in a few days. Obviously, I don’t agree with Black.
Tom, He’s probably a Russian agent, and they don’t have a sense of humor. Or maybe he’s an AI. 🙂
17. February 2022 at 17:23
RUN RUN RUN
RED ARMY
IMMINENT
IMMINENT
IMMINENT DANGER
FOUR WEEKS AGO IMMINENT
STILL WAITING
IMMINENT
NOT YET BUT IMMINENT
THREE WEEKS LATER STILL IMMINENT
RED BEARS ARE COMING
THEY’VE BEEN COMING SINCE 1960
HIDE IN BUNKER
HELLO, I’M A RETARD BOOMER NAMED SCOTT SUMNER!
17. February 2022 at 18:03
I just read this garbage:
https://thehill.com/opinion/finance/593968-why-the-fed-overstimulated-the-economy?rnd=1644630936
It’s like reading two school girls fighting each other.
No, you are wrong. No, you are wrong. No, I swear that you are wrong. No, you are wrong to infinity.
The thing Sumner simply cannot grasp, for obvious psychological reasons, which is in part due to forty years of studying a pseudoscience, is that he doesn’t realize that his views are also wrong!
You and Powell are both wrong! You both have no clue what you are doing.
People flock to this garbage because they see Powell as a failure, but your garbage is still garbage. We could replace Powell with Sumner tomorrow and the results wouldn’t improve.
Nobody needs the Fed, and nobody needs economists. What we need are political theorists, like Smith, who recognized certain fundamental truths about supply and demand. We don’t need wannabe mathematicians, creating shitty formulas, predicated upon faulty axioms, trying to control our lives.
The sooner you realize people are rational individuals, capable of making their own decisions; and the sooner you realize that these decisions can be made in a decentralized way, the sooner you will realize how tyrannical the Fed is. You don’t help us. You hurt us.
Your band of dimwits are undeeded. Nash wasn’t one of you. Smith wasn’t one of you. Ricardo wasn’t even one of you. Stop trying to piggy back on other professions, pretending these people were economists. They weren’t. Nash was a mathematician and Smith was a philosophy. Both of them required 1000x more brain power than you have. Ricardo was a businessman, and WRONG about almost everything!
Just leave the people alone!
18. February 2022 at 06:01
-Rinat
Ad Hominem arguments are typically reserved for people who have already lost the logical high ground, congrats!
Followed closely by straw man arguments…
The irony here is that if you actually read the article/understand the purpose of nGDP targeting it WOULD decentralize the decision making aspect of the Fed 😀
Ex. If the Fed committed to a 5% nGDP level target, there would be no “Man in the High Castle” making decisions on when to buy/sell assets, when to change verbiage, when to provide forward guidance, etc… the Fed would just buy assets/sell assets automatically until they’ve reached their level target.
18. February 2022 at 07:03
re: “the Fed would just buy assets/sell assets automatically until they’ve reached their level target”
That requires a model. Sumner just skips the most important part of N-gDp level targeting.
Inflation is raging. But the FED is still buying bonds. Paul Volcker didn’t stop inflation by raising interest rates, he stopped inflation, the “time bomb”, the release of savings in the 1st qtr. of 1981, by imposing reserve requirements on NOW accounts in the 2nd qtr.
But Powell has released savings, eliminated the 6 withdrawal restrictions, and at the same time eliminated legal reserves. And he’s still buying bonds.
18. February 2022 at 09:13
Apparently, reports of a Russian pullback earlier this week were wrong.
18. February 2022 at 09:16
The FED doesn’t track the money stock. It doesn’t consider money important. Powell thinks savings are money. M2 is mud pie. Japan’s deposit rate is -.13 (average rate paid by commercial banks to individuals or corporations on deposits). Japan’s benchmark rate is minus .10.
See: Feb 14, 2022 · BOJ makes unlimited bond purchases to limit rates