You can bash public works all you want, but in this type of recession, where companies and individuals have stopped spending, government expenditures are absolutely essential.
Quote of the Day ( 1 )
Richard C Koo, chief economist at Nomura Research Institute, saying that as Japan sinks into its worst postwar recession, nothing can produce more economic benefits more quickly than massive government spending on public works. (Washington Post)
1 Comment
Login to comment
0
neverknow2
A nation can't grow forever. There is simply not enough space on this planet. Japan is overpopulated as it is. Time for some negative growth.
Back to top