On quantitative easing, fiscal policy, and Abenomics

I was just re-reading Richard Werner’s initial quantitative easing scheme for Japan from 1995. What he says is relevant to today’s situation in Europe and the United States as well as for today’s Japan. I want to highlight a few lines within his brief note and expand on these where they don’t make sense.
You may know that Werner, a German economist who was working in Asia as the head of economics at Jardine Fleming Securities in the 1990s is the man who invented the term quantitative easing. Hi...


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