Oh my god! 时寒冰 is macro economist???? I don't know what to say!
Just wan to point a few error he made in his this interview:
1) The CPI does include the housing data. The CPI represents all goods and services purchased for consumption by the reference population. food and beverage represents 1/3 regular Chinese expenditure. So its reasonable that 食品类的构成占三分之一.
2) He incorrectly think that CPI should use the cost of buying House in calculation, not the rent of primary residence or owners' equivalent rent. Rent is true cost of living. Just imaging that there is an apt. in Beijing costs RMB 1mm to buy, but you can rent by RMB 1000, so what is the true cost of living?
3) “上半个80％的信贷资金投向了国家的基础建设，基础建设项目一旦开工，就必须有持续地投入，一旦不执行，中断了资金的输送，这些项目就会变成烂尾工程。货币政策已经被自己绑架了，既然走上了“适度宽松”这条路，就没有其他更好的替代性选择，甚至修复性选择都很难。”
For this point, I even feel shame to make comments, He needs to go back to school to learn Economy 101. Every government in emerging or developed country needs to maintain and invest in 国家的基础建设. That's waht tax payers pay tax for and no private firms can replace this function. Also, during recession, government can increase the spending to fill some gap left by private sides.
I think he is true economist, he should use another case such as overbuilding luxurious hotels in same area.
4)“甲流蔓延之下猪肉价格的暴跌拖累了农产品价格的涨幅，同时粮价在政府的限令下继续保持低位。所以实际上通胀已经发生，但还没有在CPI上显现出来。 ”
First, the pork price was determined by demand and supply.
Second, government should relief some price pressure as long as the fiscal budget allows.
Anyway, I understand why economist (left or right) gets bad reputation in China. Most of them like working for entertainment industry. Just to catch the eyeball of public.
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