Benjamin Powell

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Explaining Japan's Recession
By Benjamin Powell - December 6, 2002
After decades of "miracle" economic growth since World War II, Japan's economy abruptly faltered in 1990 and has stagnated since. Why? Neither the Keynesian nor Monetarist explanations can provide an account. Only the Austrian theory of...
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Minting of gold in the U.S. stopped in 1933, during the Great Depression.

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