Rethinking Japan: What Japan needs (and the rest of us may well be following the same path) is really aggressive policy, using fiscal and monetary policy to boost inflation, and setting the target high enough that it’s sustainable. It needs to hit escape velocity. And while Abenomics has been a favorable surprise, it’s far from clear that it’s aggressive enough to get there.
The last time we dropped the ink and paper it fell on gold bugs (Nixon Shock) and we had ten years of stagflation.
What kind of helicopter drop do we expect today?
Pure cash. The smart card with a fully tamper proof accounting and a banker bot. This technology, in the lab today, will arrive in our pockets before President Hillary sends out the drunken helicopter pilots.
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