11/15/09

Japan Lost A Decade, But Wins Century
By: Mark W Adams


Maybe losing a decade won't be all that bad.

A decade in which the national GDP never declined below the value it held on the day the government stepped in.  A decade in which the maximum unemployment rate was 5.5%. A decade in which the government actually expanded its support of both business and individuals, a decade in which retirees gained new benefits, a decade in which the government did not coerce consumers to fuel the economy with reckless debt, a decade in which not one Japanese citizen lost his or her right to health care services provided by the government.

So just how lost was that decade again?

If only we can keep the conservative kleptocrats at bay for a bit.





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