>
> Brad De Long wrote:
>
> >How likely is it that we will get ourselves into a Japan-type situation?
> >*If* we manage to avoid a Japan-type situation, then the risk to
> growth is
> >small...
>
> Good thing the U.S. economy doesn't resemble a bubble in any way!
> Otherwise, the Japan scenario might be a threat.
On the other hand, it is hard to imagine a generalized, societal reluctance to spend money when given the opportunity.
I could reverse a slump all by myself. After all, out of about 80 Barbies, we can't have more than 15 of them.
mbs