Technicians work in a Cyagen Biosciences laboratory in Taicang, Jiangsu province. A sound basis for economic growth is technological innovation, and there is plenty of useful and value-adding R&D to carry out. Photo: Bloomberg
Opinion
Opinion
The View
How helicopter money, spent wisely, can lift a large economy like China
- The world has not really recovered from the 2008 financial meltdown, and quantitative easing has only set the stage for the next crisis. To turn things around, central banks should create fiat money and states should spend on job creation
Technicians work in a Cyagen Biosciences laboratory in Taicang, Jiangsu province. A sound basis for economic growth is technological innovation, and there is plenty of useful and value-adding R&D to carry out. Photo: Bloomberg