![]() ![]() of space to house the modern game mix, which includes titles like Asphalt 9 Legends Arcade, ATV Slam, Cruis’n Blast, Golden Tee PGA Tour, Halo: Fireteam Raven DX, King Kong Of Skull Island, Mario Kart Arcade GP DX, Minecraft Dungeons Arcade, Mission: Impossible Arcade SDX, Nitro Trucks, Super Bikes 3, Wild Wild West Shootout and more. I’ve never visited this particular hotel but as the video below explains, they remodeled their sportsbook area into this arcade. We’ll start with one that has been sent to me the most – a hotel/casino in Vegas which just revamped their location with an 80+ game arcade. North America The ARCADE (Bally’s/Horseshoe Las Vegas, Las Vegas, NV) For newcomers, the term “FEC” stands for Family Entertainment Center, a place that generally has an arcade but several other attractions. H/T to sites like Replay Magazine and Intergame Online but also to everyone who has sent me a link, particularly Michael L this time. I strive to inform you about everyone who opens up no matter where they are on Planet Earth, so if you hear about one I’ve missed from a previous LW post, please let me know. The final irony in this ridiculous mix is central bank policies stimulate massive wealth inequality fueled by soaring stock prices.Welcome to Location Watch, a series of posts here at Arcade Heroes which spreads word of brand new arcade locations that have recently opened their doors to the world. Meanwhile economically illiterate writers bemoan deflation, as do most economists and central banks. When those bubble burst, and they will, it will trigger debt deflation, which is what central banks ought to fear.įor a discussion of the BIS study, please see Historical Perspective on CPI Deflations: How Damaging are They? It’s asset bubble deflation that is damaging.Īnd in central banks’ seriously misguided attempts to fight routine consumer price deflation, central bankers create very destructive asset bubbles that eventually collapse. And they may also make export goods more competitive,” stated the BIS study. Lower prices increase real incomes and wealth. Recall that the BIS did a study and found routine deflation was not any problem at all. Since Plender believes otherwise, I invite him to my challenge: “Prove Rising Prices Provide an Overall Economic Benefit”. It is the ruling class wealthy and politicians that suffer from lack of inflation. ![]() Despite decades of Japanese central bank madness, Japanese consumers are actually happy. Instead of pondering why nearly the entire Japanese nation has not embraced inflation, Plender ought to look into a mirror in search of the problem.Ĭonsumers like falling prices. The Bank of Japan has failed in its idiotic mission to spur price inflation.It would behoove economic writers bemoaning deflation to stop for a mere second to ponder two facts. Richard Koo, chief economist of the Nomura Research Institute, has estimated the cumulative loss of wealth on shares and real estate between 19 at ¥1,500tn ($12.8tn) - three times America’s loss measured in relation to gross domestic product in the 1930s depression. Since the bursting of Japan’s notorious bubble in the 1990s, the loss of wealth has been huge. This is, after all, a country that has suffered from debilitating deflation since the late 1990s and where wages have lagged behind productivity growth for years. The docility of the Japanese certainly appears counter-intuitive. How come this country, whose economy has been in the doldrums for two decades and where the suicide rate is vastly higher than the global average, is not in the grip of anti-establishment populism? Yet a few rage-free zones remain, of which Japan is the most conspicuous. Anger towards political elites is pervasive. In Japan Resists the Populist Tide, Plender says Japan’s immunity to a virus consuming other developed countries is remarkable.Īfter December’s No vote in the Italian referendum, the rise of Donald Trump and the British vote to leave the EU, it appears that the political landscape of the developed world is being redesigned by the victims of globalisation and technological change. ![]()
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