Tuesday, May 17, 2016

Abenomics: So Much Effort, 
So Little Results
Mish Shedlock* highlights the plight of Japan & its efforts at stimulating economic growth & getting out of a deflationary spiral .. despite a decline in the purchasing power of its currency, Japan has not been able to generate much consumer price inflation .. Shedlock proposes the following to help generate inflation - negative sales taxes, 1% tax per month on government bonds, a national tax free lottery, & a Hav-a-Kid program .. "It’s truly pathetic when you cannot destroy your own currency despite years of trying."
LINK HERE to the commentary

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