Saturday, July 30, 2016

Look at regulations and policies keeping economic furnace vents closed

Japan is thinking about an economic stimulus called “Helicopter Money” pondered by the late Nobel Laureate Economist, Milton Friedman.  The idea being to directly fund consumers with money which strikes the match to a paper fire in an economic furnace, first to ignite dry wood logs which then ignites the coal.  Japan’s problem is that its coal furnace is lit but smoldering. Adding paper to it isn’t going to do anything rather they should look at what regulation and policies are keeping the vents closed on its economic fire.   

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