Mises Daily
Author:
Frank Shostak
Online Publish Date:
word recovery is on the lips of a lot of Asia experts these days. But if Asia’s economic policy makers are to witness a long-term recovery, they will first need to savings at a much faster pace than people are saving. In Japan, the rate of growth of M2 money stood at over 9 percent, on average, between 1980 and 1990--i.e.