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Are we prepared for the next financial crisis?

A discussion at Chicago Booth:

Will richer Chinese want to get freer?

60 minutues interview with Chinese billionaire Zhang Xin.

I tend to think economic freedom is a necessary condition for political freedom, but not a sufficient condition. On this, I agree with Milton Friedman.

The corollary of above statement is poor countries can’t really have robust democracy. Just look at India.