was Japan's finance minister long enough, но самое интересно – this is his answer to Japanese problems 1920-1930 х годов. After the boom, with the fall of international trade, the economy collapsed, a plus, they say, what was the credit crunch. The answer was intuitively Keynesian – growth in government spending.
History lessons are, that economic recovery has not solved all the problems. This primarily concerns political stability, во вторую – stimulating the economy inevitably led to fears about the stability of public finances. В конечно счете, in 1936 it took a year to apply an exit strategy" – cut costs and tighten monetary policy. And it seems like everything would be fine, but the military took offense and interrupted the minister's life.
Germany lives its 30s and fear of hyperinflation, Japan – your own and fear & quot; exit strategies" and mass mitigation.
In the United States, seems, history lessons learned. Nevertheless, Takahashi's example can be instructive in that sense, that exit strategy is a dangerous thing – and if applied too early and if applied too late.
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