Too Big To Fail ~Too Big To Jail BUT, NOT Though Too Big Of Hogs, The Greater The Hogs The Greater The Slaughter

April 08, 2013,

A Yen for Cash: How the Bank of Japan Could Threaten the Global Economy, By Michael Schuman,

 

KIMIMASA MAYAMA / EPA

Follow @TIMEBusiness  Japan has been an experiment in economics ever since its crushing defeat at the end of World War II ... after the country’s massive stock-and-property-price bubble exploded in the early 1990s, Japan became a much examined case study in how to handle (or not handle) a financial crisis ... Japan is embarking on yet another set of unconventional policies in an attempt to revive itself, which, if successful, could rewrite the rules of fiscal and monetary policy .. economists will likely be studying Japan for decades to come. 

UnclePhil 10 hours ago

While the study of law only narrows minds, the study of economics seems to turn them to mush.   Those not content to remain mush heads may study econometrics, a field that Paul Volker once said makes voodoo look respectable, and help give birth to newer and stronger demonstrations of their diminished mental capacities, like "quantitative easing."  All economists should study Bitcoin for the lessons it teaches us, some of which are:

http://business.time.com/2013/04/08/a-yen-for-cash-how-the-bank-of-japan-could-threaten-the-global-economy/?xid=gonewsedit&google_editors_picks=true