tag:blogger.com,1999:blog-2761684730989137546.post8519872797598910383..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Nicloe Foss — Japan Is Not A Good Example Of How Deflation Typically Plays Outmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-39849350315657513412012-10-26T06:11:36.473-04:002012-10-26T06:11:36.473-04:00TOM
This is interesting.
Usually one of the Norm...TOM<br /><br />This is interesting.<br /><br />Usually one of the Norman Mosler invariants makes me question any puritanical export drive when imports are more an indicator of our economic health and our standard of living.<br /><br />That Japan was an "exporting powerhouse exporting into the biggest consumption boom the world has ever seen."<br /><br />What if we say out loud a variation of this :<br /><br />"That Japan was an 'importing powerhouse importing into the biggest consumption boom the world has ever seen'..."<br /><br />What gives here ?<br /><br />How does the Norman Mosler acceptance of imports and reduction of export eagerness pan out against deflation ?<br /><br /><br />googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-7023078315221322222012-10-24T16:18:47.069-04:002012-10-24T16:18:47.069-04:00I heard this person speak in Australia last year. ...I heard this person speak in Australia last year. Several times I wanted to come out of my chair and cry out, "You lie!!" :-)<br /><br />Her talk about Japan in particular, and having no 'money' to do anything in general, is right off Mish's site ("inflation is an expansion of money and credit, while deflation is a contraction", "I don't know when Japanese bonds will fall, but they will, one day", etc). <br /><br />It meshed well with her other topics: how conventional oil supplies will crash (graph off the oil drum) with no discussion about the (albeit more expensive) oil liquids that will replace it; how Liquid Fluoride Thorium Reactors (LFTRs) are "even more complex" than conventional reactors (just the opposite appears to be true; never mind they appear to be 100x more efficient than conventional solid fuel reactors); no real mention of the way photovoltaics are leaping ahead ...<br /><br />Foss promotes a view most beneficial to the the 1% - certainly not the man/woman in the street. And the audience eats it up.TofuNFiatRGood4Uhttps://www.blogger.com/profile/16329254725092384096noreply@blogger.com