ECONOMIC AFFAIRS Lesson of Japan’s debt-free economic stimulus*

This article starts with a puzzle — like those we find in a Christmas cracker. However, the answer to this puzzle is more complicated and difficult than the sort we might find in a cracker.  Shinzo Abe, Prime Minister of Japan “What is the difference between our current Treasurer borrowing on the Commonwealth government’s account the sum of AUD$8.8 billion (allegedly for the purpose of strengthening the balance sheet of the Reserve Bank of Australia), and the Ban…

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