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giesahoose

Japan To Money Print For Years, Enjoy It - Ambrose

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Recession, depression, stagflation, hyperinflation, default.

Twenty years of Krugmanomics and now the Japanese are facing a stagflationary collapse in their living standards, if they're lucky. If only they'd let the debtors fail twenty years ago!

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Interesting point about the labour market.

In the end he's undecided - optimists v pessimists.

Evans-Pritchard and fellow know-nothings at the Torygraph have spent the past thirty years telling us there is no alternative to Thatcherism and laissez-faire. Now he insinuates that there is no alternative to Keynesianism. Keynes, the man who famously composed an essay titled The End of Laissez-Faire. :rolleyes:

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