{"id":1497,"date":"2007-05-08T06:37:03","date_gmt":"2007-05-08T11:37:03","guid":{"rendered":"http:\/\/chimeraobscura.com\/vm\/quote-of-the-day\/"},"modified":"2007-05-08T06:37:03","modified_gmt":"2007-05-08T11:37:03","slug":"quote-of-the-day","status":"publish","type":"post","link":"http:\/\/chimeraobscura.com\/vm\/quote-of-the-day","title":{"rendered":"Quote of the Day"},"content":{"rendered":"

From a BusinessWeek interview with Nobel Prize-winning economist Robert Mundell<\/a>:<\/p>\n

Q: Why are the Chinese such huge savers?<\/p>\n

A: The large savings comes about through population policy. Historically, Chinese had children as durable goods to provide for retirement. When the one-child policy was introduced, it cut off this form of social security so the Chinese turned to high savings — instead of investing in children, they invested in savings for their old age.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

From a BusinessWeek interview with Nobel Prize-winning economist Robert Mundell: Q: Why are the Chinese such huge savers? A: The large savings comes about through population policy. Historically, Chinese had children as durable goods to provide for retirement. When the one-child policy was introduced, it cut off this form of social security so the Chinese … <\/p>\n

Continue reading “Quote of the Day”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[27],"tags":[],"class_list":["post-1497","post","type-post","status-publish","format-standard","hentry","category-big-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4C7K-o9","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":778,"url":"http:\/\/chimeraobscura.com\/vm\/chinese-fire-drill","url_meta":{"origin":1497,"position":0},"title":"Chinese Fire Drill","author":"Gil","date":"December 28, 2005","format":false,"excerpt":"I like some of Rem Koolhaas' designs. And I enjoyed a bunch of Delirious New York. That said, I don't believe there's any way that his CCTV building in Beijing will actually stand.","rel":"","context":"In "Urban issues"","block_context":{"text":"Urban issues","link":"http:\/\/chimeraobscura.com\/vm\/category\/urban-issues"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":940,"url":"http:\/\/chimeraobscura.com\/vm\/940","url_meta":{"origin":1497,"position":1},"title":"Effluent Society","author":"Gil","date":"May 4, 2006","format":false,"excerpt":"George Will takes down the legacy of John Kenneth Galbraith as an excuse for condescension, while making time to bash John McCain: Advertising, Galbraith argued, was a leading cause of America's \"private affluence and public squalor.\" By that he meant Americans' consumerism, which produced their deplorable reluctance to surrender more\u2026","rel":"","context":"In "Politics (implicit)"","block_context":{"text":"Politics (implicit)","link":"http:\/\/chimeraobscura.com\/vm\/category\/politics-implicit"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":512,"url":"http:\/\/chimeraobscura.com\/vm\/medicare-frauds","url_meta":{"origin":1497,"position":2},"title":"Medicare Frauds","author":"Gil","date":"March 8, 2005","format":false,"excerpt":"What's $320 billion among friends?(Editorial from the March issue of my magazine) Last March and April in this space I wrote about the scandal(s) behind the passage of the Medicare prescription drug bill. 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Just click \"More\"! When I was single and meeting girls through the internet, there were certain questionnaire-responses that were dealbreakers. One question was, \"What is a single or album that turns you on?\" Anyone who answered with \"Radiohead\" was off my\u2026","rel":"","context":"In "Architecture"","block_context":{"text":"Architecture","link":"http:\/\/chimeraobscura.com\/vm\/category\/architecture"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/1497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/comments?post=1497"}],"version-history":[{"count":0,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/1497\/revisions"}],"wp:attachment":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/media?parent=1497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/categories?post=1497"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/tags?post=1497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}