Krugman sad

James Baird jlbaird3 at hotmail.com
Tue May 4 18:59:49 PDT 1999



>
> Dennis is correct. The Japanese are playing a different game to
reposition
> themselves for the long haul while playing dumb with American advice.
None of
> the countries that followed American/IMF prescriptons are doing that well.
>
> Henry C.K. Liu

But is that what Krugman is recommending? He's spent the last six months saying that Japan needs a decent dose of inflation as a kick start - not exactly IMF orthodoxy.

Jim Baird



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