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Monetary 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 e
by Geee 5y ago
Monetary 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.