Comments on: Condemning Those Who Forget History

By: Doug Mataconis

Doug Mataconis — Sat, 20 Dec 2008 22:55:07 +0000

It’s also worth noting that my currency conversion probably understates the extent of the 118.2 trillion Yen stimulus simply because the Yen is weaker now than it was back then.

By: Doug Mataconis

Doug Mataconis — Sat, 20 Dec 2008 13:45:29 +0000

Jeff,

Yea, I anticipate someone will say that……

By: Jeff Molby

Jeff Molby — Fri, 19 Dec 2008 23:43:46 +0000

Over a period from 1992 through 1999, the Japanese injected 118.2 trillion Yen (the equivalent of about 203.4 billion US Dollars at current exchange rates) into the economy, and it didn’t help move the economy one bit.

That's because they didn't inject enough! j/k, but that's what the Keynesians would answer.

By: persnickety curmudgeon

persnickety curmudgeon — Fri, 19 Dec 2008 23:05:25 +0000

It’s the Demographics Stupid! No matter what we do things are about to get ugly. MAYBE we can kick the can a couple years down the road.

The Baby Boomers who led us to boom are now leading us to bust to bust. Sixty somethings cannot expect one 30 something to support 4 of them. They no longer need 2 cars ( or even 1) don’t need to save for their kids’ college (been there done that)buy a house, buy work clothes, eat out, buy gas for the commute, contribute to 401(k)’s etc. Sorry but the biggest and wealthiest population group don’t need to buy nothin no more. Look out below!