Peering into our future - 20 years of stagnation?

http://blogs.reuters.com/rolfe-winkler/2009/08/28/peering-into-our-future/


Rolfe Winkler
August 28th, 2009
Peering into our future…

A WSJ article on Japanese elections comes with the following table.

japan-stats

Japan has spent 20 years fighting deflation with loose monetary policy and deficit spending. To what end?

Keynesians point to Japan’s experience as evidence that the U.S. government can borrow much more before interest rates rise. I suspect they’re right. But what’s the point if, at the end of all of that, we’re saddled with unpayable debts?...