3 ms·
That is one thing I don't understand about this whole fiasco. He advocates spending and stimulus to get out of the this. He says "And both the United States an
by w00pla 16y ago
That is one thing I don't understand about this whole fiasco.
He advocates spending and stimulus to get out of the this. He says "And both the United States and Europe are well on their way toward Japan-style deflationary traps".
But didn't Japan spend a shitload of money during the 90ies (making their debt 200% of GDP)? Don't they now sit with that debt, a declining population and still no growth?
I'm not an economic expert and maybe I just have a biased for government/personal austerity and saving.
- hga 16y agoWell, 192.1% estimated as of last year.... Their apparent recovery from the Lost Decade a few years ago is now realized as being just another external bubble induced bump and they're well into their second Lost Decade. You may not be an economic expert and maybe have a bias against this sort of thing, but most anybody should be able to see that this was a horrible mistake. Almost certainly a terminal one for the Japanese people, or as Kenshiro of Fist of the North Star would say, "omae wa mō shindeiru" ("you are already dead").