Paulus Textor Wrote:
Jan 31, 2013 6:43 PM
Good analogy and good analysis, Trog. Japan has followed the Keynesian approach religiously. This has given them 20 years of stagnation. Devout Keynesians say that artificial lowering of credit rates automatically leads to prosperity. They get proven wrong, year after year, but always have a fall-back position: "They just didn't loosen credit 'enough.'"