Zeev's Turnips Patch-No Politics (ZEEV)

[Elroy Jetson]

the Finance Minister of Japan said that "deflation is not a monetary event; it is a structural problem." Too many goods and not enough willing buyers.

Now you know why Japan is such a success story with a booming economy! Their officials are in complete denial of economics.

An economy with a stable money supply and improving productivity will experience deflation. This is both normal and desirable.

Japan's structural problems have nothing to do with deflation.