Wednesday, June 3, 2009

Bernanke Choppers make an appearance...in Japan

The facetious title of this piece refers of course to US Federal Reserve chairman Benjamin Bernanke's well known reference to dropping bundles of cash from helicopters as a last resort to fight deflation.Edward Hugh noted in the previous post here that "The government...have begun distributing 12,000 yen ($125) to each resident in March to encourage spending." I've found a few reactions to this

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