HeathenCabin said...

HeathenCabin at 03:20 AM JST - 11th February

To use a modern example, are you saying that governments have had no involvement in space travel? That everything done in going to the moon was all done in order to satisfy market needs? How about the Internet? That started out as a government project to connect computers together, completely…

Posted in Obama says economic stimulus bill vital to avoid 'catastrophe' at 03:20 AM JST - 11th February
HeathenCabin at 01:41 AM JST - 11th February

"Schumacher's "Small is Beautiful: Economics as if People Mattered."

Groovy stuff, man. I got my first copy when I was 16.

I have never heard of this- but searches make it out to be some type of environmentalist economic thought...

Posted in Obama says economic stimulus bill vital to avoid 'catastrophe' at 01:41 AM JST - 11th February
HeathenCabin at 01:21 AM JST - 11th February

The "giants" that any individual stands on are the contributions of those who came before, especially the work done through basic research. Left to private individuals and corporations, very little basic research would ever get done, because the payoff period is just too long. Some of the personal giants in…

Posted in Obama says economic stimulus bill vital to avoid 'catastrophe' at 01:21 AM JST - 11th February
HeathenCabin at 12:51 AM JST - 11th February

Japans lost decade and its cause:

The start of the problem would be the Bank of Japan's monetary policies during the 80's at some point. Monetary manipulation, or in other words inflation- that lead to credit expansion and more investments that are actually malinvestments/bad investments. This expansion/inflation caused more bad…

Posted in Obama says U.S. needs to learn from Japan's 'Lost Decade' at 12:51 AM JST - 11th February
HeathenCabin at 09:17 PM JST - 10th February

According to the Cabinet Office, "[i]n total, Japan spent $6.3 trillion on construction-related public investment between 1991 and September of last year."

All that wealth/capital, wasted and lost because the japanese think that the government is the solution. All of these years and it has not improved anything, it has…

Posted in Obama says U.S. needs to learn from Japan's 'Lost Decade' at 09:17 PM JST - 10th February
HeathenCabin at 09:07 PM JST - 10th February

The fallacy behind this statement is that, if you have any optimism towards the United States at all, it grossly underestimates the future wealth-creating capacity of the nation. The greatest debt load (as a percentage of GDP) that the US ever took on was during WWII. And it was just…

Posted in Obama says economic stimulus bill vital to avoid 'catastrophe' at 09:07 PM JST - 10th February
HeathenCabin at 02:32 PM JST - 10th February

Obama cannot fix this mess, only make it worse while increasing job losses and destroying wealth/capital/jobs. Now people think that this money/resources are readily available, when it is not. The government can only redirect, take, or outright theft, the limited resources that the markets do have right now- and then…

Posted in Obama says economic stimulus bill vital to avoid 'catastrophe' at 02:32 PM JST - 10th February
HeathenCabin at 09:23 PM JST - 1st February

Aso is going to give away 17 billion that he, nor the japanese government does not have. Apparently everyone forgot that the government does not have any wealth, nor money. All it can do is redirect these resources from Japan to some other areas that are within japan or outside…

Posted in Aso, in Davos speech, pledges $17 bil for Asia to help counter economic crisis at 09:23 PM JST - 1st February
HeathenCabin at 03:04 PM JST - 24th January

Supplying trillions of yen that Japans Government does not have. I pointed this out just not outright above your comment some14some.

Posted in Japan offers advice to Latvia on tackling financial crisis at 03:04 PM JST - 24th January
HeathenCabin at 03:01 PM JST - 24th January

Well LDP may go ahead and increase consumption tax as and when they like to. But, it is time for the govt. to raise taxes for the businesses who have already consumed the consumers. Who are the consumers? workers in general and what is their standing now?

I refer you…

Posted in Cabinet approves bill to pave way for consumption tax hike at 03:01 PM JST - 24th January