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The three lives of Japanese military pesos
backing theory of money cash Gresham's Law inflation Japan quantity theory of money unit of account

The three lives of Japanese military pesos

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GDP totalitarianism: Krugman's mischaracterization of Japan's plight as "star performance"

GDP totalitarianism: Krugman's mischaracterization of Japan's plight as "star performance"

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Japan, Productivity Norm, and Deflation
charts deflation George Selgin Japan Lars Christensen Paul Krugman productivity norm

Japan, Productivity Norm, and Deflation

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