• Flying Squid
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    173 months ago

    Obama would have been president for one year in 2009 and I still would hope he understood the problem with deflation.

    Xi Jinping has been in power for over 12 years now.

    • @cyd@lemmy.world
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      63 months ago

      Fears about persistent deflation in China are relatively recent. It’s come up now because of the live question of whether the government should engage in a big fiscal stimulus (the same debate the US went through in 2009).