This entry was posted on Tuesday, October 26th, 2010 at 9:22 am and is filed under Japan.
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Warren is saying that the yen is very likely to depreciate (go down) against other currencies, especially the GBP, given the govt’s recent decision to spend outright for fiscal stimulus. This event is highlighted by the fact that for the first time in 11 years, this spending will not be matched by a commensurate bond issuance to “pay” for the spending.
Sorry to be off topic but I’m not sure what the best way would be to send
I’m wondering if you’ve seen this. It might be worth posting and using it to help the MMT case in the future considering how well respected Warren Buffett is. Here are a couple of quotes from about 9 minutes in.