Macroeconomics: Structural Not Cyclical

The failure of economists to recognize the structural trade imbalances as the result of China joining the WTO in 2001, has led to a Keynesian policy response that has only marginally helped the US and European economics emerge from the Great Recession. See the mathematics behind this structural problem that is harming many countries around the world and learn about the Butterfly Effect. This is an excerpt from the weekly Saturday show broadcast every Saturday night on YouTube.

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