Japan has been doing QE, and failing, since 1989.
The U.S. just ended QE. Our GDP is up 3.5% this Quarter.
What kind of tax structure does Japan have, for them to have been in a slump for almost thirty years? It must be brutal. They were supply-siders for a short time, I think.
Supply-side tax policies always succumb to greed and envy. People just cannot tolerate low tax rates for “the rich.”
“Japan has been doing QE, and failing, since 1989.
The U.S. just ended QE. Our GDP is up 3.5% this Quarter.”
Sorry, but you are wrong on that. QE was about injecting liquidity. The BOJ did not do that all those years. They kept interest rates very low but the fiscal policy of Japan, even under this Abe Administration, was very restrictive. High tax rates (he even RAISED the consumption taxes the last few years), cumbersome regulations and the inability to structurally reform (i.e.-the inability to reform their corporate laws and their agriculture policies) have kept the low rates from having much effect.