rbblum

The Muddle Through Economy, R.I.P.?

Why not be like Japan? Possibly because Japan's overall popoluation is decreasing while its senior citizens segment is growing. And, it does not help to have Japan's GDP so heavily dependent on the strategy of exporting manufactured goods, which has been decreasing. . . But worse, the new government of Japan believes they can extend more social programs which needs more borowing. . . which will lead to payback time (economic straits) in the year 2010.

Somehow, lack of solid and sensible fiscal and monetary policy is not only found in the US. . . which can not flourish if the business environment is polluted with a lack of understanding that the government that governs least IS the best.