Monday, March 14, 2011


Japan is being treated as if they have financial leprosy.

They used to have it, but given twenty years, they may have entered part recovery.

They have as Mr Hempton agrees, lots of capital. They have borrowed from their population in order to provide social work and building. They now have real needs not just bridges to nowhere to meet!

What exactly is the economic difference between borrowing from those who have excess savings on the one hand and taxing those same people?

This should be enough to set off some questions!!!

No comments: