According to the end of this video:
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the reason why Japan's massive deficits didn't lead to inflation was because they weren't financed by printing money.
Is that true?
Why did Japan experience so little, if any inflation during their lost decade, in spite of massive deficits and government debt?
But how can this be?
I thought that one of the points of your "Fractional Reserve Banking" video was that deficits are the cause of inflation?
What's was with Japan?