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Doom
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Deflationary Spiral Nonsense; Keynesian Theory vs. Practice; Eurozone Policymakers Concerned About F

- Mish - Global Economic Analysis

"the upcoming collapse in the Yen will provide the final proof that Keynesian economics is pure idiocy."

The final proof? Rubbish, Keynesian insanity has been proven as idiocy with every Keynesian experiment. When the Yen collapses (further), nobody will take it as proof...the Japanese consumers will be accused of hoarding, or it'll be blamed on poor weather, or even global warming.

If the Yen goes to zero, Keynesian experiments will continue elsewhere. Even after every fiat currency on the planet collapses, in a matter of years, another Keynesian experiment will be foisted on the public via the barrel of a gun.

"Final proof," indeed.

Commented 3711 days ago

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Beginning of the headline :Price Deflation Hits Italy First Time in 55 Years The Italian National Institute of Statistics (ISTAT) reports that consumer price inflation declined by 0.1% from August 2013 to August 2014. Italian consumer prices fell 0.1 percent year-on-year in August of 2014, matching preliminary estimates. The country’s annual inflation rate touched the negative territory for the first time in nearly 55 years due to a drop in energy prices. Year-on-year, prices of energy fell 3.6 percent in August, mai... Read More

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