August 31, 1945, Friday

I have been asked many times how the Japanese financed themselves during their regime. They came here bringing with them Japanese military notes. It can be assumed for certain that those notes are not backed by reserves. There is nothing behind it except the backing of the Japanese government. As a matter of fact, they..

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July 1, 1942

I had thought of touching on this theme several times, but for lack of data, I had to delay doing so. We knew a few details, loose ends gathered here and there, but we lacked an overall view of the new economic organization implanted by the new economists. Neither the civil nor the military government..

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