Thought I'd give this insightful snippet it's own home before the other thread gets terminal.
Was this economic vandalism?
Small potatoes compared to Japan’s great (and failed) experiment in the 1990s. During that decade the Japanese adopted 10 stimulus packages worth a grand total of $1.4 trillion.
The result: Japan’s unemployment rate doubled. Its economy mainly just stood still, slowly sinking in the East. If just spending money on the same old failed enterprises could end a recession, Japan should have been booming. Welcome to the Lost Decade.
