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6min chapter
The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
How Much Was Value of Real Estate Going Up in 1990?
In 1990 1991 real estate prices were rising by several hundred percent per year in Japan. The rates down to zero and we had a hundred twenty eight month economic expansion. Inflation in the 80s was very low as well because most money creation Was going into asset prices. And so you didn't see what was happening and it then that's actually the reason why as Japan if we quickly Move to capital flows brieflyJapan was creating all this money via the asset markets Inflating asset prices, but they saw consumer price inflation zero or negative.
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