Comments on: An Explanation of the Oversupply of Beijing Commercial Real Estate http://dontai.com/wp/2009/04/09/explanation-oversupply-beijing-real-estate/ Have Lemons, Make Lemonade Sun, 05 Feb 2012 14:59:58 +0000 hourly 1 By: David Ing http://dontai.com/wp/2009/04/09/explanation-oversupply-beijing-real-estate/comment-page-1/#comment-251 David Ing Sun, 19 Apr 2009 20:17:08 +0000 http://dontai.com/wp/?p=1052#comment-251 While I appreciate that high levels of consumption in the west have led to trade surpluses in China, I'm not totally convinced that floating exchange rates are the answer. There's an implicit assumption in business -- led by mainstream economists -- that equilibrium is a natural and desireable state, I'm looking more and more into alternative views on systems. This has included the <a href="http://www.econtalk.org/archives/2007/12/boettke_on_aust.html" rel="nofollow">Austrian school of economics</a>, as well as <a href="http://www.georgesoros.com/articles-essays/entry/the_crisis_what_to_do_about_it/" rel="nofollow">theory of reflexivity by George Soros</a>. While I appreciate that high levels of consumption in the west have led to trade surpluses in China, I’m not totally convinced that floating exchange rates are the answer.

There’s an implicit assumption in business — led by mainstream economists — that equilibrium is a natural and desireable state, I’m looking more and more into alternative views on systems. This has included the Austrian school of economics, as well as theory of reflexivity by George Soros.

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