Foundation for Economic Education
http://www.fee.org
Japan Mulls New Round of Public Works
Posted By Sheldon Richman
“Japan’s economy, the second-largest in the world, is shrinking at the fastest pace in more than 30 years, roughly twice as fast as the U.S. economy…. Now, a heated political argument is erupting across Japan over whether the entire country should follow Tokyo’s lead and pour taxpayer money into major public works…. The dilemma for Japan is that it has already been there and done that — in spades and not so long ago.” (New York Times [1], Monday)
Again, the broken-window fallacy.
FEE Timely Classic
“What Is Seen and What Is Not Seen” [2] by Brian Summers
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/japan-mulls-public-works/
URLs in this post:
[1] New York Times: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/29/AR2009032901931.html?hpid=topnews
[2] “What Is Seen and What Is Not Seen”: http://www.thefreemanonline.org/columns/what-is-seen-and-what-is-not-seen/
Click here to print.
Copyright © 2008 Foundation for Economic Education. All rights reserved.