EllensProphet on 22 January 2008
| FishyJoe said: I don't know about Japan. Their long term chart isn't exactly pretty. It makes me wonder if the Japanese have any ability to control their economy. |
When I had to good luck to live in JP for about a year, the Japanese I knew said the US has even less control of its economy. They prefer a mild deflation to inflation and they argured that a mild deflation is less damaging to the middle class than US style inflation. They hated finance controlled companies and thought that making profit by disrupting supply was evil (greed is bad). They did not see the value of US style competition in mature industries. Of course they ignore all the corruption they live with, but there is another side of the coin.
The urge to play is a terrible thing to waste.
