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中国会不会产生通货膨胀?如果我们从投资膨胀的角度来考虑问题,我们会认为投资过热的通货膨胀再度发生的概率比较小,因为中国有比较多的办法来防止投资的膨胀。今天我们对通货膨胀的“知识”主要来自于1992年的通货膨胀。1992年的通货膨胀主要由投资严重膨胀而引起。投资膨胀是地方主义的行为引起的。关于地方政府“为增长而竞争”的行为变化,人人皆知,无需赘述。经
Will China generate inflation? If we consider the issue from the point of view of investment expansion, we will think that the probability of overheated inflation happening again is relatively small because China has more ways to prevent the expansion of investment. Today, our “knowledge” of inflation comes mainly from inflation in 1992. Inflation in 1992 was mainly caused by a serious expansion of investment. Inflation of investment is caused by the behavior of localism. Changes in the behavior of local governments “competition for growth ” are well known and need not be repeated. through