Creditor Life-forms

Dennis R Redmond dredmond at oregon.uoregon.edu
Sat Apr 22 18:46:24 PDT 2000


On Thu, 20 Apr 2000, Brad De Long wrote:


> But they've lost a whole decade of economic growth...

Naw, just 3-4 years, at most. Japan has grown in the Nineties, just sorta slowly, and their currency has appreciated impressively. Being a creditor economy means, you harvest the growth in other people's economies. This worked so well for the US for 50 years that Japan and the EU are now getting in on the act.

-- Dennis



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