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I can, it's just not worth my time. Suffice to say macro policy is the reason the US didn't have decades of stagnation like japan did and it requires fiat curre
by colinmhayes 5y ago
I can, it's just not worth my time. Suffice to say macro policy is the reason the US didn't have decades of stagnation like japan did and it requires fiat currency. If you want to disagree with every economist you can go ahead and write a peer reviewed paper that I'd be happy to check out.
- Geee 5y agoMonetary expansion and fiscal stimulus are exactly the policies that Japan has been doing. These policies have caused Japan's stagnation. Japan is a very good example why mainstream economists are wrong. Stimulating a zombie economy will just keep it alive longer. Economy must be allowed to die and regenerate.
- arcticbull 5y agoNah Japan is an example that monetary policy isn’t the be all and end all. The productivity and culture of the country matter.