Sunday, August 22, 2010

Japan's "Lost Decade" Deflation and America's Future Hyperinflation?

David Kramer invites you to "sit back for a 10-minute whirlwind tour through a country that has followed destructive, i.e., Keynesian/Krugman economic policies for the past 20 years (and is still following those policies)" — Bad Economics in One Video. "What’s really depressing is that the United States will be in infinitely worse shape as it follows the exact same central banking path to economic destruction because we have become a nation of credit card/debt junkies over the past few decades, unlike the savings-oriented Japanese."

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Omnes Sancti et Sanctæ Coreæ, orate pro nobis.