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goudabonbon
Not posting this because I want to debate anyone
Feb 06, 2009 14:57
but because I think Paul Krugman is very smart:
http://www.nytimes.com/2009/02/06/opinion/06krugman.html?_r=1
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Comments 2
martina_d
February 6 2009, 21:48:34 UTC
That last paragraph nailed it on the head. Good article.
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mallorys_camera
February 6 2009, 22:10:35 UTC
I don't want to debate anyone either :-)
But: Japan experienced a “lost decade” of deflation and stagnation in the 1990s...
International Herald Trib had a great article in October about this:
http://www.iht.com/articles/2008/10/10/asia/10japan.php
Thing is as Krugman points out, it wasn't the bailouts that turned Japan's economy around...
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Comments 2
Reply
But: Japan experienced a “lost decade” of deflation and stagnation in the 1990s...
International Herald Trib had a great article in October about this:
http://www.iht.com/articles/2008/10/10/asia/10japan.php
Thing is as Krugman points out, it wasn't the bailouts that turned Japan's economy around...
Reply
Leave a comment