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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (143666)1/14/2002 6:00:16 PM
From: GraceZ  Read Replies (2) of 436258
 
Yesterday an associate of mine remarked that there is a fine line between pumping enough to re-inflate and pumping too much and creating hyper-inflation. Its widely believed that the BOJ tried to walk that line and lost because they were too conservative, but had they gone the other way it might have failed as well because they never made the fiscal reforms to insure that the money created would go to the right place.

You know how it is with errors, no one ever wants to be caught making the errors of the past, so they make entirely new errors.
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