Mises Daily
Author:
Benjamin Powell
Online Publish Date:
Following the economic stimulus, asset prices in the real estate and stock markets inflated, creating one of the biggest financial bubbles in history. The rates five times, to 6 percent in 1989 and 1990. After these increases, the market collapsed. The Nikkei stock market index fell more than 60 percent—from a high banking system and thinks that the banks need to be reformed, he believes the failure of broad monetary aggregates to expand along with narrow aggregates is not