Krassimir Petrov, an alumnus of Mises Institute programs, presents China’s Great Depression, an Austrian analysis of China’s economic situation based on the principles of the Austrian business cycle theory. Petrov’s view is influenced by Rothbard’s America’s Great Depression
Conditions in China now are in many respsects similar to the US in the 1920s, Petrov writes: “Economists hail the growth of China, many not realizing that China is undergoing an inflationary credit boom that dwarfs that American one during the roaring ‘20s. “
