A Deathly Hallow
Pump the Incline

I Can Has Growth?

Dec 10, 2009

There has been a spectacular downward revision of the third quarter GDP in Japan. Vox Popoli comments on that and more:

There has not been any economic growth; since GDP measures government spending, all of the "growth" that has been reported is nothing more than the stimulus spending.

Stimulus Spending: It's like inflating a dead horse over and over again.

Posted at 11:55 PM in Economics | | Comments (0)

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