Paul Krugman Talks Stimulus on MSNBC PT1

really did you read his paper on paul krugman japan liquidity trap. or do you know anything about the japan recession

"a lot of this looks like the great depression"

in a creepy way...yes, it certainly does. Artificially low capital flooded the markets, which promoted vast malinvestment, and to prevent the liquidation of those bad investments and the economic readjustments, the government wants to pump artificially cheap credit into the market with this lending binge by the Fed and these "stimulus" programs you love so much.

They didn't do it at all. There was no Keynesian spending in Japan. Where do you get your information from?

there was no keynesian spending? AAAHAHAHAHA. after the 1990s, the Japanese had a public debt worth 140% of the GDP.

it was very much Keynesian.

The US has almost achieved debt/GDP parity under Bush! Do you think he was a keynesian? lol

"The US has almost achieved debt/GDP parity under Bush! Do you think he was a keynesian? lol"

absolutely! His first tax cuts were keynesian, his stimulus package in early 2008 was keynesian. debt/GDP parity? The national debt exploded under Bush.

no they were not because of the fact that they did not actually create efficiencies. and they money was not used to fix the system or to build infrastructure

I think you're being somewhat dishonest as well. The tech bubble hit Japan much harder than any other nation. Spending didn't increase all that much following the collapse. (0.2% per year in the 90's)!
Japan's deficits increased because their tax revenues consistently fell.

Your analysis, saying they took a keynesian approach, is just inaccurate. I won't call it lying, as I'm hoping you're just uninformed.

"as I'm hoping that you're just uninformed"

no buddy, spending exploded in Japan during the 1990s. They had eight, count them, EIGHT stimulus packages in that decade. Furthermore, even if it was because of falling tax receipts, the absolutely massive amount of real deficit spending should have brought brought them out of their stagnation.

you people have to be kidding me. do any of you know economics. well i see some of you does.