The Vulnerability of Money in Japan

The point of the Japan comparison is that you can dump out a helicopter, it's whatever, large amounts of money into an economy. But very quickly, those dollars go to, they end up in a bank account somewhere. And then the bank sits on these accounts and has two choices. They could either invest it in something where they anticipate a meaningful return on their investment or they can sit on it and wait to find a worthwhile investment for that moneyThat's what creates economic growth. You get deflation or stagflation or more-bunded economic growth when you keep pumping money into the economy but there's no good place for that money to go. That's what's happened in Japan.