When banks lend, they create money out of nothing, without withdrawing it from other parts of the economy. This way, fiscal policy would not have crowded out private-sector activity yen by yen, as actually happened.

“The weapons of criticism and self-criticism should be well-wielded, with some spice to make every party official blush and sweat a little,” Xi said during a visit to a rural area in central China’s Henan province called Lankao, Xinhua said. Each member of the ruling Communist Party’s elite inner core, the Politburo Standing Committee, has been allocated a county where they oversee anti-graft efforts, and Xi has been given Lankao, Xinhua said.

At the first offshooting of the English language from its present stem, its growth and development began at once to tend toward logical simplicity […]

The rural dwellers who will be moved are scattered throughout 19 counties and municipalities, from Sandouping in Yichang Municipality, to Mudong Township in Ba County.