No, you simply picked one method and claims its accepted by all major economists. Thats just plain BS.
The idea that the lower interest rates led to the lower wages in the long run for japan isn't accepted by any major mainstream economist.
No, you simply picked one method and claims its accepted by all major economists. Thats just plain BS.
You dont seem to understand that lower interest didn't cause lower wages, but prevented wages from falling even more. Lowering interest rate causes wages to rise due to rise in inflation.
The idea that the lower interest rates led to the lower wages in the long run for japan isn't accepted by any major mainstream economist.
Arh please, shall we get back to reality? Japan is a live world example.
If not, then I would like to hear the explanation on why you dont wish to see on Japan as an example.
Japan is NOT an example deflation and thus lower wages PRECEDED interest rate drop. But you seem to ignore this FACT.
Again you lack a very basic understanding of economics.
We do have real world examples of when interest rates are not allowed to fall, that is the GREAT DEPRESSION.
http://www.economist.com/node/15176489
Japan is the exact example of deflation, lower wages and low interest rates.
Its you who ignores the facts. You have proven absolutely NOTHING in any of your posts.
You are the one who proved NOTHING. The deflation and low wages occurred before low interest, and the lower interest helped slow the deflation down. But you insist on ignoring this fact. You have proven you know jack shit. Learn some f-ing economics and get an education.
You are the one who proved NOTHING. The deflation and low wages occurred before low interest, and the lower interest helped slow the deflation down. But you insist on ignoring this fact. You have proven you know jack shit. Learn some f-ing economics and get an education.