Sam Spade
SamSpade
Atlas Star
Posts: 27,547
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« on: February 06, 2009, 07:17:46 PM » |
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Japan has been in recession for 19 years now, and is going into a depression as we speak that will be much worse than the US. Part of the reason why Japan has been in a recession for 19 years is due to its social spending - you can't take on government debt without it having effects on the economy in the future. You see, that's the point that is missing here.
We want to copy that model?
Actually it doesn't matter, because if we even tried to do what they suggest (in terms of spending), the bond market would revolt.
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