Japan is sinking in a sea of money

Japan is sinking in a sea of money

Author: Masanaga Kumakura, Komazawa University According to conventional economic theory, the monetisation of government debt is a recipe for fiscal profligacy and hyperinflation. It should be the last thing any credible central bank turns its hand to. But this is precisely what the Bank of Japan (BOJ) has been doing for the last three years.

View Full Post

More great content like this @ Life & Personal Interests Front Page or you can Request Invite

Advertisements

Nikon Awards Prize to Badly ‘Shopped Photo, Hilarity Ensues

Nikon Awards Prize to Badly 'Shopped Photo, Hilarity Ensues

Nikon Singapore posted an announcement on its Facebook page yesterday, congratulating a photographer named Chay Yu Wei for capturing a perfect shot of an airplane framed by a ladder in Chinatown. Photographers quickly pointed out that the photo is clearly the result of editing, and sarcastic comments soon flooded the post.

View Full Post

More great content like this @ Life & Personal Interests Front Page or you can Request Invite