Saturday, May 25, 2013

Japan switches to stimulus and GETS GROWTH! Europe stays with austerity and continues with a flat economy.

It's rare to see a macroeconomics experiment play out in real time in the way we are seeing it right now in Japan and in Europe. Prime Minister Shinzo Abe has embarked on aggressive measures to stimulate Japan's long-moribund economy since he took office in December, and the result so far has been strong growth — and, perhaps, liftoff after a triple-dip recession. Europe, on the other hand, remains mired in the muck of austerity and economic contraction.

http://www.dailykos.com/story/2013/05/20/1208174/-Japan-Switches-to-Stimulus-Gets-Growth-Europe-Sticks-w-Austerity-Stays-in-CRAPPER

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