I need a summery of this article. i should be page and half..

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I need a summery of this article. i should be page and half..

Answered Same DayDec 21, 2021

Answer To: I need a summery of this article. i should be page and half..

Robert answered on Dec 21 2021
131 Votes
The article tries to throw light on the ineffectiveness of the monetary policy to stop the decline of
the manufacturing sector in USA by drawing similarity with the Japanese economy. It tries to
show that despite the decline in interest rate over the years, it is still ineffective in saving the
declining the manufacturing sector of the USA.
The reason cited by the author is that interest is not only the way to save the declining
manufacturing sector. It is a totally wrong step as it
1) increases inflation,
2) Decreases employment
3) Decreases the face value of Money
The author has taken an example of Japan where the...
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