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The Circular Logic of Spending Our Way Out of Debt

"The main thing I take away from this article is the crazy circular logic that it uses. The US is in debt that it cannot pay back. A country like Japan could forgive a load of that debt and offer money to build infrastructure to maintain employment. This would allow debt strapped US consumers to, you guessed it, buy more crap from Japan with the very money they get from the Japanese cash infusions!"

Too bad your mind is not as sharp as your tongue. Further down in the article it said the following:

"Japan will also have to accept that a stronger yen is good for the country in order to reduce excessive trade surpluses and deficits".

He was saying Japan will export less to the USA.