The A B E of Economics: An Essay In Economic Folly
| Author | : | |
| Rating | : | 4.54 (904 Votes) |
| Asin | : | B00L4KTLDM |
| Format Type | : | |
| Number of Pages | : | 238 Pages |
| Publish Date | : | 2015-04-19 |
| Language | : | English |
DESCRIPTION:
Brilliant short piece by the indispensable Mr. Hugh. A great overview and summary of the economic situation in Japan - generally and specifically relating to the current "Abenomics" efforts to revive the economy. Falling populations will be the great economic challenge of this century (in my opinion). In this dubious regard Japan leads the way. Maybe not a. "essential reading" according to Aad van der Vaart. Since the situation in Japan may well be our European future too, every person interested in economics, finance, and above all politics, should read this exellent article.. Helpful and highly-readable discussion of extraordinary monetary actions This book is a concise and highly-readable discussion of the fascinating issues surrounding aggressive monetary policies.Perhaps you’ve heard: quantitative easing, or, if you prefer, money printing, by central banks in the aftermath of the financial crisis of 2007 to 2009. Mr. Hugh examines extraor
So the run of the mill consumer might find life in Japan quite a pleasing and desirable thing, especially if that particular consumer happens to be retired and living on a fixed income derived from savings as indeed many contemporary Japanese actually are. It is about managing debt in a time of deflation, about giving opportunities to the young, even while the force of the ballot box rides with the old, and about finding ways to ease that rate of work force decline to give some additional room to allow productivity to help, which means both immigration and helping the young - at they are the ones who start families.. Despite all the talk of policies for "growth, growth, growth" a simple look at the population outlook in OECD countries and especially the potential work force numbers suggests that, at some point or another, economic growth will turn broadly negative. This is the end result of several decades of very low fertility. So the real point is there is an experiment being conducted in Japan, but the experiment isn't Abenomics (which I suspect won't work, and could end badly). This demographic background, which has really been obvious to demographers for years, has only lately come to be regarded as a significant factor in the "Japan problem" by economists. Falling prices only really become a problem in a more general macroeconomic sense if they lead people to postpone consumption, and if this postpon