Friday, June 26, 2015

Abenomics worked? Horse manure

Here it is, Japan's growth rate over the years, hovering around zero and the latest reading is 1%.  You cannot even see Abenomics in this picture!

How about the inflation rate?
Abe managed to fuck up the pricing mechanism, naturally, one of the stupidest ideas economists have ever tried. All that jerking around on prices makes the economy inefficient.

How about unemployment?

Down, below their typical 4%. A half point below, barely any effect. So all this horseshit means Japanese have to work harder to pay for the ignorance of economists. Notice they have to work when pricing is all fouled up.



Who is to blame? Badly educated economists of the Kanosian, Lafferonian  and Monotonarian variety.

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