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Marc Abela: Abenomics and Japan's Narrowing Horizons

August 15th, 2014

Episode 11 of 152 episodes

Jeff Deist and Marc Abela discuss the Bank of Japan's failed twenty-five year program of monetary stimulus, the resulting creation of hugely insolvent zombie banks, and the impossibility of "Abenomics". You'll enjoy hearing about Toshio Murata—a Japanese student of Mises in the 1950s—who painstakingly translated 'Human Action' into Japanese, who is still alive today. And, you might be surprised by Marc's revelations about the Japanese mindset, culture, and disturbingly high suicide rate.

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