{"id":19123,"date":"2016-03-23T19:49:50","date_gmt":"2016-03-24T00:49:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19123"},"modified":"2016-03-23T19:49:50","modified_gmt":"2016-03-24T00:49:50","slug":"japan-goes-full-krugman-plans-un-depositable-non-cash-gift-certificate-money-drop-to-young-people","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19123","title":{"rendered":"Japan Goes Full Krugman: Plans Un-Depositable, Non-Cash “Gift-Certificate” Money Drop To Young People"},"content":{"rendered":"

Japan Goes Full Krugman: Plans Un-Depositable, Non-Cash “Gift-Certificate” Money Drop To Young People<\/a><\/h3>\n
The Swiss<\/a>, the Finns, and the\u00a0Ontarians<\/a>\u00a0may get their ‘Universal Basic Income’ but the Japanese are about to turn the Spinal Tap amplifier of extreme monetary experimentation to 11. Sankei reports, with no sourcing, that the\u00a0Japanese government plans to unleash “vouchers” or “gift certificates” to low-income young people to stimulate the “conspicuous decline” in consumption among young people.<\/strong>\u00a0The handouts may not be deposited, thus combining helicopter money (inflationary) and fully electronic currency (implicit capital controls and tracking of spending).<\/div>\n
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Since Ben Bernanke reminded the world of the existence of government printing-presses, echoed Milton Friedman’s “helicopter drop” solution to fighting deflation, and decried Japan for not being as insane as it could be… it has only been a matter of time before some global central bank decided that the dropping of cash onto the populace was the key to economic recovery.\u00a0Having blown their wad on QQE (and been left with a quintuple-dip recession) and unleashed NIRP, it appears Japan has reached that limit.<\/strong><\/p>\n

As Bloomberg reports,<\/em><\/p>\n

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The Japanese government\u00a0plans to include gift certificates for low-income young people in its fiscal 2016 supplementary budget,\u00a0<\/strong>Sankei reports, without saying who provided the information.<\/div>\n

Recipients would be able to use them for daily necessities.<\/strong><\/p>\n

The government sees gift certificates as\u00a0more effective in stimulating consumption than cash handouts, which may be deposited.<\/strong><\/p><\/blockquote>\n

As Sankei reports (via Google Translate),<\/em><\/p>\n

The government 23 days, as\u00a0the centerpiece of the 2016 fiscal year supplementary budget to organize because of the economic stimulus, cemented the policy to include the low-income measures for young people<\/strong>. To examine the\u00a0distribution of vouchers to be devoted to the purchase of such daily necessities<\/strong>.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Japan Goes Full Krugman: Plans Un-Depositable, Non-Cash “Gift-Certificate” Money Drop To Young People The Swiss, the Finns, and the\u00a0Ontarians\u00a0may get their ‘Universal Basic Income’ but the Japanese are about to turn the Spinal Tap amplifier of extreme monetary experimentation to 11. Sankei reports, with no sourcing, that the\u00a0Japanese government plans to unleash “vouchers” or “gift […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[68,124,7576,282,6039,378,452,472,2586,8697,11965,1264,670,6770,741,818,1478,4318],"class_list":["post-19123","post","type-post","status-publish","format-standard","hentry","category-economics","tag-ben-bernanke","tag-central-banks","tag-etc","tag-european-central-bank","tag-free-money","tag-google","tag-japan","tag-krugman","tag-milton-friedman","tag-monetary-base","tag-personal-consumption","tag-recession","tag-recovery","tag-socgen","tag-sovereign-debt","tag-turkey","tag-yen","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19123"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19123\/revisions"}],"predecessor-version":[{"id":19124,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19123\/revisions\/19124"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}