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Dani Rodrik: belief

1 Oct 2015 Conversations with Tyler Dani Rodrik on Premature Deindustrialization and Why the World is Second Best at Best

“I think that there was a run up in the stock market and then they were, they did a bunch of things to try to prop the bubble, and eventually they did, and maybe it went a little bit too far.”

— Dani Rodrik

Source trail

Everything needed to verify it.

Speaker
Dani Rodrik
Attribution
Verified speaker
Claim type
belief
Recorded
1 Oct 2015
Publisher
Conversations with Tyler

Transcript context

…I agree with that. I think that there was a run up in the stock market and then they were, they did a bunch of things to try to prop the bubble, and eventually they did, and maybe it went a little bit too far. But they did more or less the right things in this whole process. They’ve allowed the currency in the last few years to move more freely. They’re true to their policy roots, which have paid off very handsomely over the last three decades. I think the last thing that we outsiders should do is second-guess the wisdom of Chinese economic policymaking. We’re talking about the country that has engineered history’s most miraculous poverty reduction program ever. Let’s say another $300 billion of reserves go out the door to keep the peg. Your phone rings in Cambridge, Mass. . . .…

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