"At the end of the 1980s Japan was a contender for the number one spot as the world's largest economy. It was the world's fastest growing big country. Its political and business leaders were paragons of long-term strategic thinking, while budget and trade surpluses left it rich with cash. What happened next, of course, is history. Japanese property and stock prices cratered, its banking system siezed up, and a decade (actually, two now) of economic stagnation followed." Excerpt from Greg Ip adapted from his book "The Little Book of Economics: How the Economy Works in the Real World."
Answer by itsmesteph11 at 1:23 PM on Sep. 12, 2010
Answer by lovinangels at 6:59 PM on Sep. 11, 2010
Answer by LoriKeet at 7:00 PM on Sep. 11, 2010
Answer by mekarevell at 8:37 PM on Sep. 11, 2010
It is up to us to be diligent during the these next two election cycles and put people in place that are free market friendly. We have to put people in who want our country to thrive instead of flounder so they can have an excuse to "fundamentally change" us to.......what? That is the $1.3 trillion question. What is out there that we are to change to? I would love an answer to that. Our economic recovery rests, at least in my mind, on that answer. It is the difference between free market and socialism. There is no in-between or gray area. It is one or the other. So, the only change I can see is the socialism because we are a free market. If this is true, we must keep it from happening. If we do, we can fix anything they have broken trying to change us.
Answer by jesse123456 at 9:55 PM on Sep. 11, 2010
Answer by waldorfmom at 1:48 AM on Sep. 12, 2010
Answer by yourspecialkid at 9:54 PM on Sep. 11, 2010
Answer by NonnasMomma at 10:05 AM on Sep. 12, 2010