Abe became prime minister in December 2012 and announced a series of policies – such as quantitative easing from the Bank of Japan, the devaluation of the yen and infrastructure spending – aimed at rejuvenating a stagnant economy with an ageing workforce.
WHY is the economy so stagnant, after all that massive spending?
WHY does Japan suffer from an aging workforce?
Never mind all that...too deep and analytical for the KKK.
Let's move forward and social-engineer the econ next train wreck...
WHY is the economy so stagnant, after all that massive spending?
WHY does Japan suffer from an aging workforce?
Never mind all that...too deep and analytical for the KKK.
Let's move forward and social-engineer the econ next train wreck...
Sure there is, just like there is a need for Abenomics in United States and Europe although we have all grown fairly much the same in the past 30 years. This whole austerity experiment going on throughout the world is a massive failure and things will definitely change towards a more aggressive fiscal expansion and devaluation whether you like it or not. You are just too dumb to understand why.
What the IMF admits in the report is that it dramatically underestimated the impact of government cutbacks on GDP. Miscalculating this ratio (a fiscal multiplier) means that austerity’s impacts on the country’s economy, and therefore the amount the government earns through tax, far exceeded their expectation. With government revenue way down, it couldn’t work on reducing its deficit, which was the aim in the austerity measures in the first place.
This is why it’s sickening that Cameron maintains his austerity dogma as we hear time and time again about its failures. Olivier Blanchard, the IMF's chief economist, even told Chancellor George Osborne he should rethink his economic plans in light of the continuing weakness of the UK economy: "There is a point at which you actually have to sit down and say maybe our assumptions were not right and maybe we have to slow down," he said, earlier this year.
There’s no beating around the bush. The report points to a cataclysmic failure in policy, and the Greek people will continue to suffer for it. And these are just two examples in a litany of failures—the intellectual foundations of austerity have been shot to pieces.
What’s perhaps the most frustrating issue to arise from all of this is that, despite their admissions, the IMF will go into the next rescue package with the same attitude, just like they have in the past. And Cameron, in the face of the same admissions from one of the world's most prominent monetary organisations, will remain one of the most ardent supporters of austerity at this week's G8 meeting.
http://www.vice.com/read/the-imf-just-admitted-austerity-doesnt-work
This is why it’s sickening that Cameron maintains his austerity dogma as we hear time and time again about its failures. Olivier Blanchard, the IMF's chief economist, even told Chancellor George Osborne he should rethink his economic plans in light of the continuing weakness of the UK economy: "There is a point at which you actually have to sit down and say maybe our assumptions were not right and maybe we have to slow down," he said, earlier this year.
There’s no beating around the bush. The report points to a cataclysmic failure in policy, and the Greek people will continue to suffer for it. And these are just two examples in a litany of failures—the intellectual foundations of austerity have been shot to pieces.
What’s perhaps the most frustrating issue to arise from all of this is that, despite their admissions, the IMF will go into the next rescue package with the same attitude, just like they have in the past. And Cameron, in the face of the same admissions from one of the world's most prominent monetary organisations, will remain one of the most ardent supporters of austerity at this week's G8 meeting.
http://www.vice.com/read/the-imf-just-admitted-austerity-doesnt-work
In papers and at forums, fund officials and outside experts said it was clear that government belt-tightening was taking a deeper toll on growth, especially in struggling Eurozone economies, than many of them previously thought.
Moreover, academic economists offered new evidence that cast doubt on a pro-austerity view that countries crossing certain debt-burden thresholds would see negative economic output.
These reports and statements were accompanied by an updated IMF forecast that downgraded the growth outlook for Britain and the United States and projected another year of recession for the 17-nation single-currency union.
In media interviews, some of the toughest criticisms were directed at Britain, which has not budged on its austerity drive. It's "playing with fire," said the IMF's chief economist, Olivier Blanchard.
IMF Managing Director Christine Lagarde has taken more of a middle ground: She called for countries to reassess budget cuts that are too deep and too rapidly undertaken, but she also spoke about the continued need for balanced budgets, structural reforms and the importance of reducing debt.
"We need growth, first and foremost," Lagarde said Thursday. "Should growth abate … there should be consideration for adjusting the pace" of fiscal consolidation.
http://articles.latimes.com/2013/apr/19/business/la-fi-economy-imf-20130419
Moreover, academic economists offered new evidence that cast doubt on a pro-austerity view that countries crossing certain debt-burden thresholds would see negative economic output.
These reports and statements were accompanied by an updated IMF forecast that downgraded the growth outlook for Britain and the United States and projected another year of recession for the 17-nation single-currency union.
In media interviews, some of the toughest criticisms were directed at Britain, which has not budged on its austerity drive. It's "playing with fire," said the IMF's chief economist, Olivier Blanchard.
IMF Managing Director Christine Lagarde has taken more of a middle ground: She called for countries to reassess budget cuts that are too deep and too rapidly undertaken, but she also spoke about the continued need for balanced budgets, structural reforms and the importance of reducing debt.
"We need growth, first and foremost," Lagarde said Thursday. "Should growth abate … there should be consideration for adjusting the pace" of fiscal consolidation.
http://articles.latimes.com/2013/apr/19/business/la-fi-economy-imf-20130419
No worries fratfraud, we all know classical economics (the kind that made the United States the world's super power) is too deep for your infantile brain.
Faux austerity
“Faux” (false) austerity entails higher government expenditure, albeit perhaps at a slower pace than during the era before “austerity” commenced. A deceleration of the rate of increase of government expenditure, in other words, underpins faux austerity (in mathematical terms, the second derivative becomes negative, but the first derivative remains positive). So too do either increases of existing taxes or the introduction of new taxes, which increase the government’s revenues more quickly than its expenditure, and thereby reduce its deficit. Unlike genuine austerity, which shrinks the state’s income statement and balance sheet, faux austerity, which is typically financed by borrowing (often at an accelerating pace) produces an ever-bigger state.
Faux austerity
“Faux” (false) austerity entails higher government expenditure, albeit perhaps at a slower pace than during the era before “austerity” commenced. A deceleration of the rate of increase of government expenditure, in other words, underpins faux austerity (in mathematical terms, the second derivative becomes negative, but the first derivative remains positive). So too do either increases of existing taxes or the introduction of new taxes, which increase the government’s revenues more quickly than its expenditure, and thereby reduce its deficit. Unlike genuine austerity, which shrinks the state’s income statement and balance sheet, faux austerity, which is typically financed by borrowing (often at an accelerating pace) produces an ever-bigger state.
[h=1]Austerity, the end of a dogma’[/h] [h=2] 21 November 2013
Presseurop
Libération
[/h]
Libération, 21 November 2013 According to a study by European Commission economist Jan in ’t Veld, the drive to consolidate public finances which has dominated European economic policy in recent years has had a negative impact on jobs and growth.
Having noted that France lost cumulative growth of 4.8 per cent between 2011 and 2013, Libération remarks that —
http://www.presseurop.eu/en/content/news-brief/4340461-austerity-end-dogma
Presseurop
Libération
[/h]
Libération, 21 November 2013 According to a study by European Commission economist Jan in ’t Veld, the drive to consolidate public finances which has dominated European economic policy in recent years has had a negative impact on jobs and growth.Having noted that France lost cumulative growth of 4.8 per cent between 2011 and 2013, Libération remarks that —
… the saddest record for the loss of wealth is the one attributed to Greece. During the same period, austerity policies imposed on Athens resulted in a loss of growth of 8.05 per cent. Italy, Spain and Portugal respectively lost the equivalent of 4.9 per cent, 5.4 per cent and 6.9 per cent of GDP. Even the virtuous Germany lost a few feathers (2.61 per cent).
The daily argues that —
Even though it was the work of just one reputed economist, the document which bears the Commission logo does not only reflect the views of its author. It confirms that in Brussels, the dogma of austerity is crumbling ahead of its imminent collapse. [...] In the absence of development projects on a vast scale, austerity will continue to weigh on the economy, while feeding dissent and populism.
http://www.presseurop.eu/en/content/news-brief/4340461-austerity-end-dogma
"Austerity policies implemented"...these lying loser statists have absolutely no shame.
But what would you expect from a cult hooked on massive unsustainable debt and government spending?
The transparent dogma reminds me of the "global warming" cult...
They're Keynesians because they're addicted to statism...has nothing to do with sound fundamental economics.
Big Government smothering its citizens and central planning don't work.
But what would you expect from a cult hooked on massive unsustainable debt and government spending?
The transparent dogma reminds me of the "global warming" cult...
They're Keynesians because they're addicted to statism...has nothing to do with sound fundamental economics.
Big Government smothering its citizens and central planning don't work.
And about 100 prior years of unprecedented prosperity, economic growth and human progress.
My system gave us the Industrial Revolution and the United States becoming the world's superpower.
Your system gave us...paper, massive debt and dependency.
Your system is on life support worldwide and will crash and burn (economically and socially) long before the century mark.
As Wille says, there is no cure for liberalism.
Lol, funny thing is you act like the economy just starts and stops. Coolidge inherited a post-war economy in which the government just spent more money than they have ever spent in the history of the United States. Same thing happened after WWII. A quick post-war recession as the govt war spending stopped, then an economic boom as all that money started being used in the economy to create growth.
It's hilarious how everything you use to defend your stupid ideology just backs up my theory even more. It's why they use my theory throughout the world and do everything possible not to use yours. Even the stupid chart you show with the dollar bill on it shows exactly why we target inflation, lol. But you are just too dumb to realize it!
