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FSN: Building a Pre-Ordained Monetary Success in Japan?
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from The Daily Bell
A new government took office the day after Christmas, led by prime minister Shinzo Abe, pledging to, in effect, go whole-hog on the Keynesian remedies for Japan’s long recession, particularly by pushing for a combination of fiscal stimulus on a mass scale, and, through appointment of Haruhiko Kuroda as governor of the Bank of Japan; he has pledged to do “whatever it takes” to get annual inflation to 2 percent in a country where inflation has averaged -0.3 percent since 2000. The Japanese stock market is on a tear and the yen has been falling steeply on currency markets, exactly the kind of reaction the BOJ hopes to see. – WashingtonPost
Dominant Social Theme: A glorious new era is developing.
Free-Market Analysis: We wrote about this recently but wanted to return to the topic because it is turning into some sort of litmus test for Keynesianism itself.
Keynesianism (really neo-Keynesianism) thankfully is on the proverbial ropes these days, having shown nowhere in the civilized world that government can create an expansion out of a depression simply by printing money. Given its total failure and the loyalty it enjoys, nonetheless, among top political and business leaders, we are not surprised it is receiving another go round in Japan.
Continue Reading at TheDailyBell.com…
2013-04-09 12:33:03
Source: http://silveristhenew.com/2013/04/09/building-a-pre-ordained-monetary-success-in-japan/
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