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Strategies & Market Trends : Asia Forum

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To: Tundra who wrote (6958)	10/6/1998 10:26:00 AM
From: Robert Douglas	Read Replies (1) of 9980

Re: Milton Friedman would be amused. The Nobel prize winning economist, who once joked that the fastest way to boost money supply was to throw dollar bills out of helicopters, may soon see a variant of this idea put to the test. The Japanese government said yesterday it was considering plans to hand out ¥30,000 (£130) gift vouchers to every one of the country's 125m inhabitants. It seems that the same result could be achieved with a lot less fanfare by cutting taxes. Of course that would mean that the powers-that-be would tacitly be admitting that they made a mistake by raising sales tax rates in the middle of an ongoing recession. Is there anyone alive that doesn't realize that this was a mistake? It certainly would be on my list of nominees for “boner of the decade”. Confound those stubborn, face-saving Japanese bureaucratic fools! -Robert

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