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I didn't read the entire article but a few of the first paragraphs so I'm not sure exactly what's going into the stimulus but nonetheless its huge. What do you think the results will be? I hope this actually works but it may destroy their economy by nearly doubling its monetary base. At least with Japan's debt, most of it is held by its own people.
Lets see, Japan tried this exact policy from 2001-2005 but now they are using more money. So I guess the theory is throwing more money will make it work this time. I think it will hurt the people because the main goal is to cause inflation which in turn gives them less purchasing power.
I didn't read the entire article but a few of the first paragraphs so I'm not sure exactly what's going into the stimulus but nonetheless its huge. What do you think the results will be? I hope this actually works but it may destroy their economy by nearly doubling its monetary base. At least with Japan's debt, most of it is held by its own people.
Most of out debt is held by our people too. Will this work in Japan? Yes, probably it will, and it will have the same long term effect as all large expansion of monetary base, unless they draw it back in the end.
I didn't read the entire article but a few of the first paragraphs so I'm not sure exactly what's going into the stimulus but nonetheless its huge. What do you think the results will be? I hope this actually works but it may destroy their economy by nearly doubling its monetary base. At least with Japan's debt, most of it is held by its own people.
Ummmmmmm........................... they did that in the early '90s and it failed then. The US had a failed "stimulus" since then.
Now why in the world do they think that it will work now?
Yeah, Japan should follow Europe's austerity path to prosperity.
Europe's 'Spend and Welfare State Path to Prosperity' failed miserably (see Greece, Spain, Portugal, Italy, Cyprus, and others). I think sometimes to fight an infection you let fester for weeks, you have to endure a lot of pain.
Europe's 'Spend and Welfare State Path to Prosperity' failed miserably (see Greece, Spain, Portugal, Italy, Cyprus, and others). I think sometimes to fight an infection you let fester for weeks, you have to endure a lot of pain.
BS. The Eurozone's problem was the structure of the system. They have a political union, but not an economic union and now they are paying the price.
It should be noted that this is monetary stimulus like the QE we are currently doing in the US, not fiscal stimulus like ARRA in the first Obama term.
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