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As crazy as it sounds, this might just be the best idea the Japanese
government has come up with yet. Japan is caught in a deflationary cycle,
some good old-fashioned inflation would do them some good. The key is
whether they are borrowing the money to pay for these coupons, or actually
printing it. Borrowing the money just moves it from A to B and creates a
financial liability in the process (which is what they've done in every
other rescue plan so far). Printing it would actually increase the money
supply, which is what is needed. Now if they would just offer these coupons
to American tourists...
Bruce
-----Original Message-----
From: Timothy Morge <tmorge@xxxxxxxxxxxxxxx>
>By the way, did all of you read about the $200 coupon the Japanese
government is
>giving each citizen, hoping to spur spending? That and 'Happy Mondays,'
where
>businesses encourage workers to take Mondays off and go spend money!
>
>Yeeesh. Not a good sign.
>
>Best,
>
>Tim Morge
>
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