Saturday, July 5, 2014

Article on Hyperinflation in Japan


I think the article Deflation, Quantitative Easing and Hyperinflation in Japan: How Abenomics will Destroy a Proud and Successful Nation is well worth reading.

11 comments:

  1. Saving some links where I commented on other blogs.

    Noah:
    http://noahpinionblog.blogspot.com/2014/07/resist-austrian-brain-worm.html?showComment=1404634626670#c3223917579851717055

    Real Free Radical
    http://realfreeradical.com/2014/07/02/more-on-diminishing-marginal-utility-or-this-is-why-austrian-economics-drives-me-crazy/#comment-18626

    ReplyDelete
    Replies
    1. Also here:
      http://realfreeradical.com/2012/07/24/why-are-austrians-obsessed-with-hyperinflation/#comment-18627

      Delete
  2. Benjamin Cole does a guest post for Marcus Nunes... apparently the Dallas Fed is saying QE helps stabilize prices:

    http://thefaintofheart.wordpress.com/2014/07/05/has-qe-driven-the-rightie-tighties-bananas-dallas-fed-staffers-claim-chief-janet-yellen-can-monetize-debt-to-preserve-price-stability/

    ReplyDelete
  3. Here's a different view on Japanese inflation:

    http://informationtransfereconomics.blogspot.com/2014/07/more-on-japanese-inflation.html

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  4. Vincent, I thought you'd be interested: Sumner got a big write up in Vox: both a story and a separate interview. It's called

    "Why printing more money could have stopped the Great Recession"

    http://www.vox.com/2014/7/8/5866695/why-printing-more-money-could-have-stopped-the-great-recession#story

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  5. Thanks Tom. I am not going to touch Sumner's this time.

    I posted on Frances Coppola's blog as she has posted about inflation/hyperinflation:

    http://coppolacomment.blogspot.com/2014/07/inflation-is-always-and-everywhere.html?showComment=1405046125145#c6035266044974410947

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  6. BTW, Jason joins you min making a prediction for early 2016 (well, he mentioned late 2015, but close enough): you for Japan, and him for Canada:

    http://informationtransfereconomics.blogspot.com/2014/07/worthwhile-canadian-prediction.html

    Very different sorts of predictions though! And since it sounds like he's not very interested in adding "epi-cycles" to his theory, it'll be interesting to see if in a case of clear failure, he'll wrap it up and do a post mortem on it.

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  7. Should be "in making" not "min making"

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Looking for polite debate on ideas. Never attack a person. Be nice.