Pity the Poor Japanese
By Robert Higgs
This article appeared in the Summer 2002 issue of The Independent Review


During the 1990s, Japanese politicians rewarded their friends and supporters with an unprecedented increase in public-works spending, leaving the private part of Japan’s 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
    Fall 2015   How Big Is Government in the United States?
    Summer 2015   Gross Domestic Product—an Index of Economic Welfare or a Meaningless Metric?
    Spring 2015   Compassion—a Critical Factor for Attaining and Maintaining a Free Society
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