Part 8/11:
Throughout the conversation, Hanke noted how various countries, particularly in Europe and China, are grappling with different economic hurdles. For instance, the European economy is plagued by low growth and high inflation, while China is facing challenges due to stagnant money supply growth relative to its inflation targets. He pointed out that China’s approach to monetary policy seems overly cautious, potentially leading them to a stagnation comparable to that which Japan has experienced over decades.