Timeline for Why don't countries like Japan just print more money?
Current License: CC BY-SA 4.0
6 events
| when toggle format | what | by | license | comment | |
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| Dec 6, 2019 at 13:43 | vote | accept | user4951 | ||
| Dec 6, 2019 at 13:44 | |||||
| Jun 21, 2019 at 19:19 | comment | added | jpmc26 | @JaredSmith The only "bad" thing I can find in the article that your link references seems to be, "because there isn't enough money flowing and your economy is failing to make all the trades it could make." That doesn't sound like a "wringer." It sounds like maybe the Japanese valued something other than maximum exchanges. Maybe they favored low public debt, for instance. (I, for one, would appreciate if our government spent more responsibly and actually considered staying within its budget a higher priority.) Was there any serious economic hardship? Did people starve? Lose their homes? | |
| Jun 21, 2019 at 18:50 | comment | added | Jared Smith | @jpmc26 I'm no expert, but my impression is that various experts thought Japan's deflationary monetary policy was bad. | |
| Jun 19, 2019 at 21:49 | comment | added | jpmc26 | @JaredSmith What "wringer"? motherjones.com/kevin-drum/2019/04/… (Note that as someone who generally rejects ideas about a central body being responsible for preventing downturns, I reject that article's reasoning that inflation is good because it allows central banks to stimulate.) In what way have the lives of Japanese people been made so terrible by deflation? | |
| Jun 17, 2019 at 14:44 | comment | added | Jared Smith | This is totally correct and a worthy observation, but just pushes the problem back a step: you've done nothing to explain why Japan put their economy through the wringer for over a decade. | |
| Jun 17, 2019 at 0:00 | history | answered | Brythan | CC BY-SA 4.0 |