Mish’s Sure Fire Proposal to End Japanese Deflation: Negative Sales Taxes, 1% Monthly Tax on Gov’t Bonds

April 22, 2016

by Mike ‘Mish’ Shedlock
Mish Talk

It’s rather amusing that Japan cannot destroy its currency even though it has tried, and tried and tried.

Abenomics has been a huge failure. Keynesian “solutions” of all sorts have failed to rid Japan of the alleged scourge of deflation.

Some think handing out free money is the obvious solution, but what if people don’t spend it?

I can help.

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