Monday, November 17, 2014

Time for Krugman's Hara-Kiri

The Prime Minister of Japan is known for his economic plan:  a 20-trillion yen "stimulus" plus negative interest rates, 2% targeted know the drill.  It's a large version of ObozoNomics.

Yah, well, that best-laid plan has rolled over, dead.

Japan’s economy unexpectedly fell into recession in the third quarter, a painful slump that called into question efforts by Prime Minister Shinzo Abe to pull the country out of nearly two decades of deflation.  --quoted at Vox Populi

An economist called "Krugman" has spent barrels of ink at the NYSlimes praising this (D) scheme.  He has an honorable course to follow.

But he won't.

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