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Monday, December 13, 2010

Lost 20 years

Even after 20 years of low growth and negative stock market returns, Japan takes care of most of its people.


Reconsidering Japan and Reconsidering Paul Krugman: "How, then, should we regard a country that has 5 percent unemployment, health care for all of its people, the lowest income inequality and is one of the world's leading exporters? This country also scores high on life expectancy, low on infant mortality, at the top in literacy, and low on crime, incarceration, homicides, mental illness and drug abuse. It also has a low rate of carbon emissions and is doing its part to reduce global warming. In all of these categories, this particular country beats both the US and China by a country mile."

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