IMO decades of the wrong medicine in Japan's case. In the case of an Argentina where a ton of crap hits the fan and they default a year later, it's a lot harde

IMO decades of the wrong medicine in Japan's case. In the case of an Argentina where a ton of crap hits the fan and they default a year later, it's a lot harder to blame the medicine. (regarding Japan -- the consensus is that they didn't do enough stimulus, and that in addition to their high savings rate is why they fell into a deflationary spiral. the government printing money and handing it out with coupons for blow and hookers would have been a better strategy than what they did)