The Myth of Japan's Lost Decades (economy, money, articles)

[MStant1]

Interesting article I stumbled across today concerning Japan's deflation:

The Myth of Japan's Lost Decades - Kel Kelly - Mises Daily

Despite conventional opinion, Japan's economy has not been stagnant; it has in fact been growing in real terms — although not in monetary terms. The crucial point is that monetary changes do not necessarily reflect real changes. Japan's GDP growth has been slow because money-supply growth has been slow; it is mainly money growth which drives GDP numbers. Therefore, going forward, we must try to observe real economic growth — the production of real goods and services — instead of just GDP. Seeing things in the correct light allows us to recoup Japan's lost decades, which weren't really lost.

[Tk101]

Originally Posted by MStant1

Interesting article I stumbled across today concerning Japan's deflation:

The Myth of Japan's Lost Decades - Kel Kelly - Mises Daily

I see its from Mises Institute. They usually have some interesting articles.

[MStant1]

Originally Posted by Tk101

I see its from Mises Institute. They usually have some interesting articles.

I'm a fan of the site.