Saturday, January 2, 2010

And a trip down Memory Lane?

We’ve read and heard much about Japan’s Lost
and we wonder if it’s incorrect to use that term in the singular. We are optimists at heart but we look at the economic policy being pursued by our government and can’t help but think that we are merely repeating the mistakes of bailouts and stimulus programs that only served to prolong the Great Depression and which is making a mockery of Japan’s economic struggles being confined only to the 90s.

B-Daddy has an excellent breakdown of the situation, here.

P.S. Much discussion about what term is best to tag the first ten years of this century. We've heard the Aughts and the Naughts among others. Anyone up for the Oh-Nos?.


B-Daddy said...

Dean, thanks for the link. Also, Nick Gillespie has a nice piece on the decade to come in today's WSJ.

Harrison said...

I like the Zeds. Kinda groove to Led Zep at the same time. Good time bad times you know I've had my share.