The National Bureau of Statistics just released the August CPI data, showing a mild year-on-year growth of 0.8%. The whole world must envy the Chinese government—M2 growth rate is 8%, meaning an additional 30 trillion yuan can be printed annually, basically doubling tax revenue. And yet, it doesn’t lead to the kind of hyperinflation seen in Europe and the US. Turns out, throwing piles of cash to the poor is a sin