A Lesson From The Stagnant Japanese Economy

We know the Japanese economy has been flat and practically dormant for over the past twenty or so years. This has been the case despite huge Japanese government spending, In fact, Japan public debt is now well over 200% of GDP.

Unfortunately, it does not appear their economy will recover anytime soon.

The problem for the U.S. is that the administration has been on a path to “stimulate” the American economy, much the same way the Japanese did their’s two decades ago. That is, spend and borrow their way to prosperity they have failed to achieve. (See the Earl J Weinreb NewsHole® comments.