Interviews are always tricky. If an unscrupulous interviewer is looking for a particular answer or claim, they have the power to edit, manipulate or even rewrite their subject's words to that end. That is why I have long taken pains to carefully check quotations attributed to me by the media. But, when it comes to television or radio interviews, it seemed to me that such distortions would be more difficult to pull off. I was wrong.
Not long ago, representatives from a Japanese television program associated with a liberal-leaning newspaper requested an interview with me to discuss Prime Minister Shinzo Abe's economic reform strategy known as Abenomics. I was interviewed for about an hour, with my answers to be included in an episode centered on a panel discussion held in the studio.
The result was not what I expected. To be sure, I wasn't entirely shocked to find that the panelists denied the recent achievements of Abenomics and espoused the strange view that monetary policy cannot boost an economy, and yet can suddenly cause hyperinflation. Such claims have persisted, despite the ongoing monetary policy-driven, low-inflation recoveries in the United States, Europe and Japan.