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Deflation and Japanification

Scientific Macroeconomics & The Quantity Theory of Credit Prof. Richard A. Werner

Theories of Banking and the Economy
1. The Financial Intermediation Theory
2. The Fractional Reserve Theory
3. The Credit Creation Theory

Can banks individually create money out of nothing? — The theories and the empirical evidence yes

to happen after 2020 in USA after coronavirus shock?

the demand shock&drop leads to deflation

the oil already collapsed/deflated

following into footsteps of the Lost decadeS in Japan???


  • starts with DEBT deflation, then leads to the drop in Equities??

see tweetstorm form Raoul Pal