
From Jim Hamilton...
The Japanese would not do this and paid a big price. We need to do it and now. Another month of deflation and it will certainly focus the mind.
http://www.econbrowser.com/archives/2008/11/time_for_a_chan.html
"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
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