Insane People Run Japan

Insanity

n. Mental illness of such a severe nature that a person cannot distinguish fantasy from reality, cannot conduct her/his affairs due to psychosis, or is subject to uncontrollable impulsive behavior. (See here.)

The above is a legal definition as distinguished from the popular quote (misattributed to Albert Einstein), “Insanity is doing the same thing [...]

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Japan Runs Out Of Capital

What did you think the odds were of seeing this headline when Japan was here buying up Rockefeller Center back in 1990: “In a Shift, Chinese Capital Flows to Japanese Firms.”

In late ’80s and early ’90s the Japanese were here buying large real estate projects such as Rockefeller Center and the Pebble Beach golf [...]

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Japan’s Struggle To Recover

This article deals with the economic impacts of the earthquake in Japan. There are enough sources on the web that deal with the destruction and loss of life. We wish the people of Japan well in this difficult time.

Japan is having a grave crisis and the Bank of Japan (BOJ) [...]

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Japan's Government Encourages Unemployment

Jeff Harding.

I don’t mean to keep picking on Japan. But, they are the textbook case of why Keynesian economics doesn’t work. Actually, now that I think about it, they are the textbook case of why Austrian free market economics works. I have set them up as the poster child for bad policies. They have [...]

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Japan’s Second Quarter Mirage

By Jeff Harding

Japan has the world’s second largest economy so we need to pay careful attention to what they are doing. The Q2 numbers just came out and real gross domestic product grew 0.9%, an annual pace of expansion of 3.7%. There are many commentators and economist already calling Japan’s recession at an end. [...]

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