From The Asian Wall Street Journal February 22, 1999 The Japanese government made several moves last week that may portend a shift to more aggressive efforts to expand the money supply. The Ministry of Finance’s decision to reverse course and once again begin buying government bonds, and the Bank of Japan’s decision to cut interest rates to an
The Asian Wall Street Journal June 15, 1999 THE DANGER OF DRAINING ASIA’S POOL OF FUNDING The 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 reverse the interventionist policies that have distorted the real cost of capital in the
[Delivered at the Mises Institute conference, Austrian Economics and the Financial Markets, September 16, 1999, Toronto, Canada.] The word deflation is currently on the lips of many economists. Bank of Japan Governor Masaru Hayami has reiterated in parliament that the central bank will keep its ultra-easy monetary policy unchanged until the threat
The fall 1999 issue of the Austrian Economics Newsletter features an extended interview with Frank Shostak , now available on line. Dr. Shostak is chief economist of Frank Shostak is chief economist at Ord Minnett Jardine Fleming , Sydney, Australia, one of the largest brokerage houses in that country, and serves on the editorial board of The
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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
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