Mises Wire
Author:
Gunther Schnabl
Thomas Mayer
Online Publish Date:
this support has fallen away. The yen came under depreciation pressure as the Fed, European Central Bank, and many other central banks increased interest rates. The at a low level and their willingness to hoard money remained unwavering. Trade unions would have to remain cautious on wage demands despite higher inflation, for which have so far survived thanks to low interest rates and wage restraint by the unions, would be in trouble. Ultimately, the government would be faced with the