Just as a fixation on core inflation can mislead central banks, as it has done with the US Federal Reserve, the power of a “core leader” like China’s Xi Jinping is a recipe for misdirected and ultimately unsustainable policy regimes. The very notion of a core adds a false sense of precision when addressing complex problems.
thinks the US central bank and Chinese governance share a conceptual weakness leading to major policy blunders.
Less than a month before he was assassinated, Japan’s longest-serving prime minister set out his vision for the region. He buttressed his case by comparing China’s growing threats against Taiwan to Russia’s invasion of Ukraine.
set out his vision for the region less than one month prior to his assassination in July.
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