Pensioners committing acts of petty crime to get locked-up and receive food and shelter is a trend that is on the rise in Japan. Who's to blame? Could you perhaps point a finger at the Bank of Japan (BoJ)? While that claim may sound outrageous, it might not be so crazy after all. But in giving it the benefit of the doubt, it requires you to accept that much of what you may ever have been taught or learned about economics was either wrong or at best, only partly right. That shouldn't be too hard a concept to swallow surely? A recent article by Jim O'Neill - he of BRIC fame - suggests the same, though without any ... (full story)