“So, the model for Japan today is their version of the New Deal. I’ll assume that Japanese politicians will ignore that connection between easy money, inflation and war, and forget that such policies ended rather badly for the Japanese in 1945.  LRC’s own Mike Rogers reports from Tokyo that ‘Japan’s Debt Explosion [is] Coming Up’.  Earlier, Rogers wrote that even the monied upper classes are starting to worry. Standards of living continue to fall or go nowhere.”

http://www.lewrockwell.com/blog/lewrw/archives/131041.html

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