by Martin D. Weiss, Money and Markets:
When governments create gigantic monetary bubbles, what happens when they try to reverse the process?
What happens when they begin to tighten credit in some way — be it by raising interest rates or by slowing down the money printing presses (“tapering”)?
For some answers, I suggest we revisit the recent history of Japan.
The Greatest Monetary Bubble of the 20th Century
I first went to Japan in 1979 — on a Fulbright fellowship to study the Japanese economy and culture for my doctoral thesis.
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