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Politics : View from the Center and Left
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To: Steve Lokness who wrote (255090)7/6/2014 3:16:51 PM
From: JohnM  Read Replies (1) of 542229
 
Ask your brother. Ask him if indeed Japan has not stimulated to the point where their indebtedness is much more than ours.

My brother would offer some numbers on the comparative level of debt, and assuming you are correct about that on a per capita basis, would then step back from the assertion that economic over stimulation was the reason for the Japanese level of debt. If he had the time and took the question seriously, he would find some good readings on the topic, some of which would, not doubt, be Krugman essays on the topic.

And I have little doubt the answer would be that there are multiple variables that account for the Japanese level of indebtedness and it's rather hard to separate the effects of any given one.
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