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Caution: Zombie Economy Ahead, The Japanese example must not

hypocritexposer

Well-known member
At the time, American officials like Pres. Barack Obama’s economic guru Larry Summers urged the Japanese to give up on failed institutions. Instead, Japan pumped 12 percent of its gross domestic product into saving the banks and got a “lost decade” of economic stagnation in return. Economic analysts across the board agree that the Japanese example must not be repeated, even as our lawmakers stumble into repeating it.

http://article.nationalreview.com/?q=ZjFhYTExN2JkZTA3NjVlMTVkZTA2ODJmMDdkNTI0ZGE=
 
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