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John H. Makin
Japan's Lessons for America's Budget Warriors
AEI, 2013
What's inside?
Do Japan’s 20 years of economic stagnation offer any lessons to the United States?
Recommendation
The US’s sluggish recovery from the 2008 financial crisis mirrors in many ways Japan’s post-1990 economy. However, their experiences are not identical. Thus, America’s ailment requires a different prescription. Economic consultant John H. Makin offers a cogent explanation to why the US shouldn’t swallow the same medicine as Japan. His text is highly detailed, but it provides a thought-provoking comparison with Japan and sheds light on many aspects of fiscal crises. getAbstract recommends this article to US policy makers seeking a model to emulate and to observers of the global economic recovery.
Summary
About the Author
John H. Makin is a former consultant to the US Treasury Department, the Congressional Budget Office and the International Monetary Fund.
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