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View Peter Schiff's Comments
Quake Response Puts Yen on the Line
If you really believe that by lessening the value of its currency, thereby reducing the value of Japanese savings and wages, Japan can improve its economy, why not really trash the yen and set off an economic boom. In fact, Japan could print enough yen to finance the entire U.S. budget deficit (I'm sure China would appreciate the help and the Fed would actually be able to postpone QE3 for a while). Better yet, why not just print up an extra thirty trillion or so while they're at it and mail every American a $1000 voucher good towards the purchase of Japanese products. The BOJ could create a Japanese renaissance!
Mar 23, 2011. 05:00 PM
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