Japan Could Avoid Deflation By Resorting To “Economic Science Fiction”
U.S. economists may dabble in science fiction, but only the Japanese are considering resorting to science-fictional ideas to rescue their economy. To avoid the spectre of deflation, the Japanese are considering abolishing cash altogether. Writes the London Times: Unorthodox, untried and, said one Bank of Tokyo Mitsubishi strategist, “in the realms of economic science fiction”,…
