Economic stimulus as narcotic

Some business teachers and managing consultants still use their yellowed notes about Japan’s economic success, but that is way out of date.  For decades, Japan’s economy has been in the doldrums.  Why?  And why hasn’t their economy ever bounced back?   Economics columnist Robert J. Samuelson says the problem is that Japan has relied on  government stimulus.  Which is basically the strategy our government wants to follow. [Read more...]