Now, I would like to brief you the situation in China about combating money laundering and terrorist financing. Before that, I would like to explain the special role of the People’s Bank of China (PBC) in anti-money laundering.
But Ricardo lived until 1823, and John Stuart Mill, another member of the school, lived until 1873. Would they and the other early followers of Smith find the current economic landscape at all familiar? In one sense, not likely. Among the developed countries, famine is now virtually nonexistent.