Tucker Carlson: “One of the problems with China's economy was that one bank…”

“You haven't even finished your explanation of the meeting between Deng Xiaoping and the Japanese leadership. And you, you've just. Here's what I think you're saying, or about to say, that One of the problems with China's economy was that one bank could never efficiently allocate credit. which is the driver of the economy. You've made that case, I think, really powerfully. And so you said what you really need are smaller banks because they can more precisely allocate credit to different parts of the country that have different needs.” (1:24:44–1:24:52)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.