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"Deflation, in the other hand can only be solved by destroying real economy in order to adjust it to the financial economy." Abenomics had no trouble reversing
by WildUtah 11y ago
"Deflation, in the other hand can only be solved by destroying real economy in order to adjust it to the financial economy."
Abenomics had no trouble reversing deflation in 2010-2013. You just have to really mean it and not depend on the bankers to do it for you. There was zero harm to the real economy.
- RobertoG 11y agoYou are right. I didn't express myself properly. My point was about the fashionable view of fixing the economy by "internal devaluation" that is so in vogue in Europe.