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Randy Wray — Hyman Minsky and the Employer of Last Resort. Collection of Minksy's articles on the JG, and a link …. Mosler Discussing Deflation on WKRO Radio Recordin… Austerity is not the only answer to a debt problem … More: Japan's economy minister Amari: Japan will try to escape deflation ASAP. View the original here: http://www.nytimes.com/2010/10/17/world/asia/17japan.html?pagewanted=all http://www.economist.com.hk/node/15174533. View article: Corporate good price index has been below zero for 13 consecutive months, and this result is also expected to come in below zero. The war on deflation in Japan has a long way to go. Read the article: To quote Minsky (1986) on current models, “A theory that denies what is happening can happen, sees unfavorable events as the work of evil outside forces (such as the oil crisis) rather than as the result of characteristics of the economic mechanism, may satisfy the politicians' need for a villain or scapegoat, but such a theory offers no useful guide to a solution of the … Thus I've decided to stop wasting my time with “gold is money, deflation is not that bad”-crowd. Follow this link: Japan's policy mix is reflationary – with some like Kyle Bass intimating it is even hyper-reflationary. On the other hand, Europe's policy mix is deflationary – with some like me and the other Edward arguing that it is even debt … Continue Reading: the great depression. moving through problems in the depression. View the original here: Japan's chief cabinet secretary Suga: Its clear the Japanese economy is coming out of deflation . View article: http://www.euronews.com/ The Japanese Yen has gone through the 100 to the dollar mark for the first time since April 2009, and is now at a four-year low edgi… More here: |
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