During the 1990s, Japanese politicians rewarded their friends and supporters with an unprecedented increase in public-works spending, leaving the private part of Japans GDP to increase a mere 1.5 percent over a decade that also experienced a 2.7 percent increase in the population. Is this the same country that alarmists in the 1980s warned would soon supersede the United States?
|Other Independent Review articles by Robert Higgs|
|Summer 2015||Gross Domestic Productan Index of Economic Welfare or a Meaningless Metric?|
|Spring 2015||Compassiona Critical Factor for Attaining and Maintaining a Free Society|
|Winter 2015||Tolstoys Manifesto on the State, Christian Anarchy, and Pacifism|
|[View All (50)]|