Mises Wire
Author:
Thorsten Polleit
Online Publish Date:
the sharp rise in energy and commodity prices is clouding the Japanese economy’s competitive prospects and degrading Japan’s overall ability to service its debt. area. This means that the state of public finances de facto determines monetary policy. The central bank keeps interest rates fairly low and expands the money supply cuts or impose tax increases to improve their financial position. The inflation policy allows politicians to plunder the population for the benefit of the state. But