Remember Bill Murray’s Groundhog Day, the 1993 comedy classic about a weatherman who experiences the same day over and over again?
Well, the same thing is happening in Japan. But instead of a person waking up and reliving the same day, 
we get politicians pursuing the same failed Keynesian stimulus policies over and over again.
The entire country has become a parody of Keynesian economics. Yet the politicians make Obama seem like a fiscal conservative by comparison. They keep doubling down on the same approach, regardless of all previous failures.
The Wall Street Journal reports on the details of the latest Keynesian binge.
Japan’s cabinet approved a government stimulus package that includes ¥7.5 trillion ($73 billion) in new spending, in the latest effort by Prime Minister Shinzo Abe to jump-start the nation’s sluggish economy. The spending program, which has a total value of ¥28 trillion over several years…
View original post 807 more words
Utopia, you are standing in it! 
Aug 18, 2016 @ 19:30:02
Keynesian economics? The Japanese have reduced their structural deficit since Abe has been PM. The only thing that has been expansionary has been monetary policy ans that has been modest/1
LikeLike