December 16th, 2008

The Wall Street Journal documents Japan’s endless series of profligate pump-priming “stimuli” in the 1990s.

The experiment, predictably, failed.

Here’s Dan Mitchell with a critique that goes beyond Japan:

Tags: bailout, debt, Japan, Keynesian stimulus, U.S.

This entry was posted on Tuesday, December 16th, 2008 at 10:54 am and is filed under Economics, financial crisis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.