![Japan's Lessons for America's Budget Warriors](/summary-img/19496-J59UQ808.jpg?h=M&b=0)
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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.
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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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