The central message is still that, as Keynes argued, fiscal policy is the answer to liquidity traps, financial or political. The arguments against fiscal policy in Japan, so far as I understand them are intellectually fallacious; they would receive failing grades in an undergraduate macro exam.
James TobinRelated topics
answer central far fiscal japan liquidity receive traps undergraduate keynes macro gradesRelated quotes
I fear - as far as I can tell - that most undergraduate degrees in computer science these days are basically Java vocational training. I've heard complaints from even mighty Stanford University with its illustrious faculty that basically the undergraduate computer science program is little more than Java certification.
Alan Kay
As when on some secluded branch in forest far and wide sits perched an owl, who, full of self-conceit and self-created wisdom, explains, comments, condemns, ordains and order things not understood, yet full of importance still holds forth to stocks and stones around - so sits and scribbles Mike.
Michael Faraday
It is my personal conviction that almost any one of the newborn states of the world would far rather embrace Communism or any other form of dictatorship than acknowledge the political domination of another government, even though that brought to each citizen a far higher standard of living.
Dwight D. Eisenhower
People who live in the post-totalitarian system know only too well that the question of whether one or several political parties are in power, and how these parties define and label themselves, is of far less importance than the question of whether or not it is possible to live like a human being.
Václav Havel
