[quote=briansd1]I agree that it’s fine for the Federal government to be spending money to stimulate the economy.
Economists have been talking of the lessons of Japan but unfortunately, our government is paralyzed by obstructionists.
Yes, welcome to Japan.
PS: did you mean to say that the Japanese traded deflation for more government debt? If the government had not gone on a building spree, deflation would have been much worse in Japan.[/quote]
I agree with that, but it was the aged population (soon to be fixed income) that the politicians were playing to and that is the reason they had no inflation, which was the end of growth, as the young and current as well as future were left with only lower wages and expectations.
So they had to create Jobs as there was no other growth.
The Debt trap. The German example was actually a good one.
