The Edge of Tomorrow

"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters." Daniel Webster

Monday, May 24, 2010

Japan's Problem Is Supply, Not Demand

If you account for its rapidly aging population, Japan has pretty decent economic growth. And would likely have even better growth if it hadn't been following Keynesian policies.
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