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The Federal Reserve’s Nonsense Policy
Between 1950 and 1970, Per Capita National Income (basically wages) in Japan rose 15% per year compounded, while the CPI rose 4.8%. The Bank of Japan did nothing.
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Between 1950 and 1970, Per Capita National Income (basically wages) in Japan rose 15% per year compounded, while the CPI rose 4.8%. The Bank of Japan did nothing.
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