Monday, August 1, 2011

Is US making the same economic mistakes as Japan?

Difficult times call for heroic measures. But we are not seeing much of that in the government... It's difficult to sort things out. You want to read commentaries that are at least self-consistent. Paul Krugman represents such a view, in favor of the Keynesian intervention. However, that requires a heroic adminstration and a collaborative Congress which we probably don't have.

See his prognostic for the next few years.

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