Just shaking my head that I have lost patience, cannot write at present on her stupidity.
Update: 1st May 2015
FOMC minutes 2008. Note Bernanke the Chairman and Yellen in reply.
So, the Federal Reserve is fully aware of the dubious monetary problem introduced in Japan. They are also fully aware that it did not work.
Bernanke claimed on his ‘new’ blog that it was to aid unemployment…. Stupid is what stupid does, as it did not aid Japan’s unemployment. In fact Japan had to re-assess internally the ‘job for life’ expectations. Take this, plus their demographics Japan had and still has a serious situation.
Obviously one can look at history, pity they do not understand history …..