tag:blogger.com,1999:blog-6245381193993153721.post8288574112659555309..comments2024-03-17T00:23:24.896-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Richard Werner on “The Quantity Theory of Credit”Lord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6245381193993153721.post-74938957114431218692015-02-05T20:22:53.463-08:002015-02-05T20:22:53.463-08:00Here is a youtube video based on Richard Werner...Here is a youtube video based on Richard Werner's book <i>Princes of the Yen</i><br /><br />The film, and Richard, make some interesting arguments concerning the post WWII history of the Japanese economy.<br /><br />In particular, he claims that the Bank of Japan dictated credit creation by sector and subsector through 'window guidance' to the private banks, rather than by interest rates. This influenced which private economy projects were realised throughout the miracle years, and served to limit competition. Furthermore, this policy was continued into the bubble years of the eighties, except: the bubble was created and crashed by deliberate guidance from the central bank in order to create the political conditions for liberalization: establishment of american style shareholder capitalism.<br /><br />Production values are quite high for a youtube film, and the material is fascinating.<br /><br />https://www.youtube.com/watch?v=sDg_psWTMRM<br /><br />Argosy Jonesnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-90979861078040578592013-04-13T08:34:21.531-07:002013-04-13T08:34:21.531-07:00On youtube there are several videos of Richard Wer...On youtube there are several videos of Richard Werner. He's a gifted speaker and is able to discuss economics in an understandable way.Justianushttp://republicoflagrangia.wordpress.com/noreply@blogger.com