countries of the existing order, China faces hazardous supply chain access in the event of any conflict in the South or East China Seas. China’s internal the most existing order–dependent countries, relying on global supply chains and openaccess to foreign consumer markets. It is freighted with restive minorities,
depositors placed their money in the bank, thereby enabling it to make loans, open new locations, or branch out into other product services. The spread, the put, the repo market is a short-term funding mechanism allowing borrowers to access liquidity from willing lenders. This is done by way of repurchase agreements:
of cheaper labor and lower environmental standards, the real prize was always openaccess to the Chinese domestic market. Like the mid-nineteenth-century British
in a major foreign currency, still overwhelmingly US dollars, to gain better access to global credit markets. Borrowers then make payments on those bonds by of that currency or, more often, by purchasing the necessary currency on the open market. This makes these borrowers particularly vulnerable to rises in interest
sought to peg all currencies to the US dollar, to back those currencies with access to US dollars, and to redeem all dollars at a fixed price of gold. It was thus was dumped on China. That now being impossible, the decision was made to gradually open up the US market to its ally as needed. This was a policy applied to virtually
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.