Trust not in Shinzo Abe, ye monetarists!This is the old Noahpinion archive. Noahpinion continues at noahpinion.substack.com Monetarists are an innocent lot. American bloggers, op-ed writers, and economists seem quite taken in by Japanese Prime Minister Shinzo Abe's promise of a grand monetary experiment. Abe is threatening to revoke the Bank of Japan's independence, forcing those recalcitrant hard-money-loving inflation hawks to set a h
