Friday, August 20, 2010

WSJ, Reason, and Nobel Paul dissed

The notion that the U.S. recession will turn us into Japan emerged immediately after the September 2008 bankruptcy of Lehman Brothers, and has proved to be one stubborn meme. You might think that the actual growth of the U.S. economy over the last four quarters would dampen the Japan talk, but you would be wrong*....

...These days, how you use the Japan argument is really a proxy for what you believe about fiscal stimulus... Slate Moneybox

Oh thank you James Ledbetter. Of course his article will prove futile...

Disappoints me about Reason, though, as I used to read that magazine back in my Ayn Rand days. WSJ too, but their position is knee-jerk predictable.

*The link to Seeking Alpha is from the original article.

Dissed must be passe now that I have used it.


  1. Mr D., you are good with numbers and such. Perhaps you could help a confused alien in Abiko.

    Our Man still doesn't quite get it see. Are we cheering for the Commies in China to overtake Japan's economy and bailout us capitalists, or are we dissing the Commies in China because they have overtaken Japan's econom? Or are we dissing/cheering the Chinese for having abymsmal growth and therefore not overtaking the West's best lapdog and therefore that's a bad/good thing?

    Thanks in advance.

  2. Dear Our Man: