All Bets Are Off If BOJ's "Kuroda Gambit" Fails

For centuries, economic thinkers have grappled with money and credit. Invariably, analytical interest ebbs and flows right along with boom and bust cycles. And during periods of keenest interest, there's a common recurring question that's been asked through the ages: "How could a period of economic advancement and prosperity that looked so promising and enduring come to such a dreadful end?" The answer too often is some variation of how money and credit run amuck over the course of the boom.