Over the last few days, I’ve finally had the opportunity to dive into historian Sean McMeekin’s voluminous treatment of World War II, Stalin’s War: A New History of World War II. What a treat it has been. McMeekin, a professor at Bard College in upstate New York, is fluent in Turkic and Russian and even…
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The “Lost Decade” as it is called in Japan describes the languishing economy of the country over–what is in reality–twenty years or so of artificially low, and even negative, interest rates. The economic ramifications are clear: A Japanese central banking policy that incentivizes consumption, wild speculation, and finger-crossing leaves capital markets starved, innovation stagnant, and…
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