Japan Defies Hard Money Economics

  • Japan proposes an interesting challenge to hard money economics, having embarked on seemingly massively irresponsible fiscal and monetary policies.
  • One has to keep in mind that these lessons, as extraordinary as they are, only apply under a very specific economic situation.
  • That is, they should certainly not be generalized, but they are interesting and very useful nevertheless as Japanese conditions are spreading.

Source: Japan Defies Hard Money Economics | Seeking Alpha