Hiroshi Wanatabe, Japan's former top currency diplomat, recalls how Chinese policymakers eagerly studied ways to avert a Japan-style burst of an asset bubble that led to prolonged deflation and economic stagnation - until around 2015.
  • taanegl@beehaw.org
    22·
    1 year ago

    Is that really weird? We live in a world of weakened impulse control. People consume to fill the void inside of them.