Thinking Smarter: The Insights of Richard Koo

At a recent seminar, heterodox economist Richard Koo challenged the mainstream view of a broken Japanese economy, arguing its fiscal stimulus was a necessary and successful intervention. His most radical stance is that Quantitative Easing (QE) is useless, warning of a QE trap. He firmly believes in prioritizing fiscal policy over monetary policy, basing his conclusions on data rather than ideology.