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 2016   Can the State Enforce Virtuous Behavior?
    Summer 2016   Douglass C. North: Trailblazer
    Winter 2016   Ludwig von Mises and Dietrich von Hildebrand: Some Remarkable Parallels
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