Wednesday , November 6 2024
Home / Mike Norman Economics / The parallel universe in Japan continues and is delivering superior outcomes, while the rest look on clueless — Bill Mitchell

The parallel universe in Japan continues and is delivering superior outcomes, while the rest look on clueless — Bill Mitchell

Summary:
The question that the mainstream economists should be paraded out in front of the public and forced to answer is how can Japan do this and experience economic growth (albeit moderate) while the rest of the world is contracting due to misconceived monetary and fiscal tightening and is recording inflation rates above the Japanese rate?The New Keynesian mob never directly answer questions like that because they cannot.William Mitchell — Modern Monetary TheoryThe parallel universe in Japan continues and is delivering superior outcomes, while the rest look on cluelessBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes What pulls me through in this world of troubles

Mike Norman writes Escobar: The Roadblocks Ahead For The Sovereign Harmonious Multi-Nodal World — Pepe Escobar

Lars Pålsson Syll writes Best match point ever

New Economics Foundation writes The autumn budget: A step in the right direction but still falling short

The question that the mainstream economists should be paraded out in front of the public and forced to answer is how can Japan do this and experience economic growth (albeit moderate) while the rest of the world is contracting due to misconceived monetary and fiscal tightening and is recording inflation rates above the Japanese rate?

The New Keynesian mob never directly answer questions like that because they cannot.

William Mitchell — Modern Monetary Theory
The parallel universe in Japan continues and is delivering superior outcomes, while the rest look on clueless
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *