Mitchell’s economic prediction revisited

Bill Mitchell predicted in August that the idea of the then-current Japanese government to increase the VAT would shrink GDP while not doing anything to decrease deficits and public debt.

GDP has shrunk in the second half of the year, the Japanese government has changed and the new guy aims for public spending. He’s also playing the Nationalist card – how come there’s no left-wingers anymore that wanna use public spending to improve populations’ lives.

This entry was posted in austerity, developed countries, economic policy, MMT, public debt. Bookmark the permalink.

One Response to Mitchell’s economic prediction revisited

  1. Pingback: Taxing consumers reduces growth – still! | Reality-based World View

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