When you see a row of fast cup noodles at a grocery store, would you look for the cheapest possible price? While many economics discussions have delved into the dangers of inflation, here's a look into why deflation is also bad. This is the final episode in a five part series of All Media Asia, a podcast that covers cultural and political topics around Asia.

Host: Aashna Malpani

Sound engineer/editor: Yi Ming Zhou

Producer: Yi Ning Wong

Speaker:

Dr. Gene Park specializes in comparative politics, international relations, and political economy. His research focuses broadly on understanding the reciprocal relationship between politics and markets. Current projects include a comparative study of the politics of budget deficits, a study of Japanese monetary policy, and a survey study on the determinants of tax attitudes. His publications include a co-edited volume (with Eisaku Ide) – Shifting Fortunes: Deficits and Debt in the Industrialized Democracies (Routledge, early 2015) – and a book entitled Spending without Taxation: FILP and the Politics of Public Finance in Japan (Stanford University Press, 2011). His work also has appeared or is forthcoming in: Asian Survey, Governance, and The Pacific Review. Prior to arriving at LMU, he taught at Baruch College, City University of New York. Professor Park has been a Shorenstein Fellow at Stanford University’s Asia Pacific Research Center (APARC) and a summer Japan Fellow at the Center for Strategic and International Studies. He also spent two years as a researcher at Japan’s Ministry of Finance.

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We would like to thank Ken Weiner and his quartet for providing intro and outro music for this podcast series.