Washington Post, Feb.27,2008 page D1

Slow economy, high prices raise specter of stagflation: I share such headline in my past blogs. Cf.www.Google.com for more references. Businesses tend to pass on the increased costs of their purchases to consumers. Such common scenes can be seen in USA but in China,economy is booming even though inflation is also a problem.
For the past 30 years, American economy has been on a roller coaster ride. In the 1980s,US economy was unproductive, unimaginative and self-indulgent, doomed to fall behind Japan and Germany. Now,China's economy is most progressing with the culture of China. Business Week,March 3, 2008 issue has details as I have already sent my blogs. www.Google.com for my line of reasoning as a lifelong student of economics.
Page H1 The Russian Development Strategy to 2020 can only achieve a breakthrough with renewed emphasis on human capital. Human capital must emerge as the main factor of development and growth. Such rationale may be reinforced in "Keys for Economic Understanding" (1971.) Times have changed but human capital is still the capital of human being via training and education without time frame. No constraint whatsoever in my judgment. Francis Shieh a.k.a. Xie Shihao. Feb.27, 2008