Media Asset
Author:
Gunther Schnabl
Taiki Murai
Online Publish Date:
The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth. Original Article: “ Japan’s Ultraloose Monetary Policy Has Undermined Savings and Prosperity “. This Audio Mises Wire is