>"Japan - like any liquidity trap economy - in effect needs inflation, because it
>needs a negative real interest rate. The slightly paradoxical conclusion which I believe to be true is that the deflation we actually see
>is the economy Atrying@ to achieve inflation, by reducing the current price level compared with the future. One way or another the
>future price level must be higher than the price level now, if the economy is to achieve full employment; so if you don't want
>deflation, you must supply the expectation of inflation.

Was soll Hubschraubergeld bedeuten?
Idiotischer Ausdruck!!
>Wann endlich starten also die Hubschrauberflotten? Denn eine Erhöhung der GM allein, wie bisher schon (und das über den bekannten Geldschöpfungsmechanismus via Kreditrediskontierungen bzw. -lombardierungen), hat es nicht funktioniert.
>Gruß
>d.


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