Just keep pumping the world with more free handouts to stimulate all worthless economies......which country is next to hand out more free money? I know the US is probably about 2nd or 3rd on that list....have to keep the world prop job going ...no such thing as failure only free worthless money to all to stimulate more worthless economies... Of course no one has a clue that this does NOT work so let everyone keep trying until the entire world economy collapses ....stimulus packages hahahaha..... So here are the details.....trillions being pumped in and this includes free money for 22 million low income people....yes 22 million people are getting free money.......can't wait for our free money here in the US....hopefully yellen and friends can print enough to hand out $25000 to each person so we can go out and spend it on more clothes and food. http://www.cnbc.com/2016/08/02/japa...s-to-22-million-low-income-people-report.html
The US tried something like that too boost the economy back in '08, it was the Economic Stimulus Act of 2008. And it helped ward off a recession. Oh wait....
Ah yes let's compare the US in 2008 to Japan in 2016...Are you really this dense? Japan peaked out back around 1990...They've gone thru decades of ZIRP and now are onto completely radical monetary policy... btw, recessions are part of the normal business cycle...8 years of "Emergency Measures" most certainly are not...
And despite "peaking out" in 1990 it's a far more pleasant place to live and work than 90% of the rest of the world for the intervening quarter century. While the tough love imposed on Greece, Ireland, Cyprus... has resulted in a crippling of their economies and is pretty widely recognized as a failure, although arguably at least in Greece's case they maybe didn't deserve the economy they had because of those "rounding errors" on their EU entry paperwork. There aren't easy black and white answers to these problems and some combination of allowing moderate recessions along with low to zero interest rates is probably closer to the right answer than either extreme.
Floors 40 to 20 can feel quite 'pleasant' with the wind in one's face as one is falling from the 80th floor to the ground with nothing but hard asphalt waiting at the bottom. The answer isn't low to zero interest rates forever, that's actually part of the problem. To get to the answer you need to repudiate the religion that dominates the halls of academia and policy makers, as a starting point.
People of your opinion have been saying that since 1990. At what point, we're talking a quarter century here, do you admit that you might not be right? I mean with that kind of logic can I claim that whole democracy thing in 1776 was a huge mistake, we just haven't hit the hard asphalt yet.
The whole democracy thing has worked reasonably well since 1776. As much cannot be said for mainstream economic thought, which by and large has led to persistent booms and busts with the latest bust resulting in the hollowing of the middle class, a huge increase in the number of people on foodstamps, stagnation in incomes, persistent unemployment, stagnation in GDP growth ad nauseam. And the worst is yet to come. Do you know what conditions are like on the ground in Japan? Do you have the honesty to admit that the ideas put out by policy makers and academia stink? I'm talking real world here, not ivory towers where academics are trying to impress other academics with a haze of equations, as Krugman, of all people, admitted himself. http://www.bloomberg.com/news/artic...n-follows-a-long-road-of-packages-that-failed