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Maybe I'm don't understand it properly, but it seems to me that Austrian economics would predict hyperinflation and high interest rates in Japan the last twenty
by RobertoG 7y ago
Maybe I'm don't understand it properly, but it seems to me that Austrian economics would predict hyperinflation and high interest rates in Japan the last twenty years when the opposite have happened.
As you say Modern Monetary Theory models predict Japan and, also, the missing depressions in Australia.
- chrisco255 7y agoTheir central bank practically nationalized the entire economy: https://research.stlouisfed.org/publications/economic-synopses/2019/07/15/the-asset-holdings-of-the-bank-of-japan https://research.stlouisfed.org/publications/economic-synops... As for Australia they are heading into a deep recession as we speak and who knows if it will be a depression or not but given the state of the world, odds are reasonable.