3 ms·
There are eerie similarities between the US now and Japan in the 1990s
- boredguy8 19y agohttp://www.economist.com/opinion/displaystory.cfm?story_id=10729998 http://www.economist.com/opinion/displaystory.cfm?story_id=1... is a good rebuttal.
- pchristensen 19y ago"...A more effective strategy would be to try to tilt the economy away from consumption and toward exports and long-needed investments in infrastructure." Fat chance of that. Faith in the spending power of American consumers would have to dwindle a whole lot before companies stop selling to them.
- Prrometheus 19y agoSample size: 1. Kids: learn some jargon and you too can be a macroeconomist!
- patrickg-zill 19y agoAdd a hint of Weimar as well, could be a potent mix.
- delackner 19y agoIf infrastructure spending is the solution (not sure I agree with that one) then federal funding for fast-tracked subway network construction in regional population hubs would be ideal. Massive up-front costs (pouring money in the economy) coupled with long term huge productivity gains. Never happen though, sigh.