[politicket]

Politcket, here's an article that may catch your fancy:

Thanks for the link!

The author writes a good piece - but reaches the wrong conclusion.

We are not like Japan was during 1989. The Japanese went through "stagflation" during their lost decade. Stagflation is high inflation with high unemployment.

We are in deflation mode - negative inflation with high unemployment.

[Right_Wing_Madman]

Politicket, you're incorrect. Japan was caught in a deflationary spiral from 1990 to 1998. See the links below.

I agree with the author's conclusion: our economy in 2009 looks much like Japan's in 1989. In 1990, The Bank of Japan and the government tried to eliminate deflation by reducing interest rates, but this was unsuccessful during the decade.

What Japan Can Teach Us About Deflation

Deflation in Japan

Japan's Deflation and Policy Response