No doubt, tomorrow/today the critiques of Paul’s use of Japan as an example of emerging policy success will run like this:
“Tax and Spend Professor Cites Small Island Nation Slow Recovery As “All Good,” Using Popular Negro Street Slang To Obscure The Eminent Rise Of Inflation From The Current Business-Friendly One Percent; Endorsing Wrong Track for Japan’s Job-Killing Proposed Stimulus.”
Prof. Krugman is right, of course. The thorny problem which remains is how “we” (readers/citizens/people who follow the logic!) combat (it really is a fight!) the misleading, distorted, loaded flash that is used against the policy proposals that work clearly, empirically to create jobs rather than being misdirected toward make-believe fears of inflation.
In Charleston, “blind tigers” (speakeasies) were once the rage. Many came to see the exotic specimen who never appeared. Back then it was an excuse to party. Today, it’s another way to get the bunce (English slang; a windfall, often after fleecing a pocket) as a repetitive exercise in deception and power.
For those with knowledge, what’s the call to action? Emails, calls, Occupy, and other means can’t seem to overcome the money behind the mace.