This Time Japan Dropped a Bomb on Us - Ep 863
The Peter Schiff Show Podcast
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The Bank of Japan's Inflationary Policy Was Misguided
Powell was just looking for any excuse possible not to risk putting the economy into a recession. The Japanese have been creating this inflation problem for better than 30 years. When that bubble burst in 1989 and we had a big collapse in Japanese stock and real estate prices, the Japanese government intervened to try to mitigate the decline. And of course, in the process, they prevented the mistakes from being corrected.
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