View Full Version : Obama stimulus labeled Tooth Fairy economics by Tom Woods

02-20-2009, 08:30 AM

In his recent press conference, President Obama cited the case of Japan as if it were evidence for his side of the argument. Exactly the opposite is true. Japan has done everything to itself that our government has done and is threatening to do to us, and with no results. From partial nationalization of its banking system to "stimulus" packages amounting to trillions of yen, from propping up zombie companies and dropping interest rates to zero, they've tried it all.


02-20-2009, 08:47 AM
I had no idea me pirating JRPGs had that much of an effect on the Japanese economy.

02-20-2009, 08:53 AM
...which is why Obama will continue the "We need to do MOAR!" folly and completely nationalize banks. :(