China is putting more emphasis on financial security in the name of ensuring that the financial sector serves the real economy. China Development Bank to loan billions in Xiongan New Area China Development Bank (CDB), a state-owned policy bank, said on Thursday that it will provide loans of...
So we should expect free rider problems. Suppose a representative of the Rich People’s Union asks for a $10,000 donation to fight for lower taxes. There are hundreds of thousands of rich people, so you’re pretty sure your one donation isn’t going to push anything over the edge one ...