Extreme Incompetence: Failure to Destroy Your Own Currency Even When You Try | MishTalk
Except as Mish points out, they don't, or they are incompetent at following the easy road map to get inflation.
The article is humorous because as Mish says, it is not clear Abe wants the inflation he so screams he wants.
But Mish, ever helpful has a plan which will get Abe inflation. Set you Wayback Machines to 1970, and let's go!
Mish’s Sure Fire Proposal to End Japanese Deflation: Negative Sales Taxes, 1% Monthly Tax on Gov’t Bonds | MishTalk
"Mish’s Four Pronged Proposal to End Japanese Deflation
1. Negative Sales Taxes
2. One Percent Tax, Per Month, on Government Bonds
3. National Tax Free Lottery
"I absolutely guarantee my plan will end deflation in a jiffy."
I have no doubt this plan will create inflation. Whether it will be limited to 2% is a bit of a flyer by hey, Japan believes it needs inflation, Abe can't pull off inflation, Mish can.
"My price for this amazing plan is $0. It’s free for the taking.
Yet, zero seems woefully inadequate for such a brilliant plan that is absolutely guaranteed to work, especially when Japan has tried and failed for decades to produce inflation.
Moreover, paying nothing hardly seems correct for a country so desperate to get out of deflation.
Thus, if offered, I will graciously accept $1,000,000 for each one-tenth of one percent rise in Japanese inflation if Japan simply follows my plan.
All I ask is Japan pay upfront in gold rather than yen in arrears."
Mish you old dog! Cheap at twice the price. Japan should be calling any minute now. Any minute.