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.

Advertisements
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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s