Tyler Cowen sums up his views on China’s future with the Keynesian and Austrian approach - he doesn’t get all of it right, but he is close!
He also very kindly links to the Mises Wiki, despite apparently not reading it:
“The Austrian view has a hard time explaining how so many investors can be fooled into so much malinvestment, especially given the traditional Austrian perspective that markets are fairly effective in allocating resources.”
Isn’t that just great? 