News and Publications
Japan’s Three Decades of Depressive Stimulus Schemes
The New York Times reports optimistically that “Japan Approves Fresh $1.1 trillion Stimulus to Combat Pandemic Pain.” But why would any of it help “combat” a “virus fallout” or “stimulate” Japan’s economy? By “economy” do we not, as economists, refer to output, the production of goods and services, to real GDP at the least? If so, how can deficit spending create wealth?


Monthly Market Insight
August 2019
- Dow reaches 27,000
- S&P breaks 3,000 for the first time
- Potential warning signs from the Fed