Keynesian Fail: Japan 'Unexpectedly' Falls Into Another Recession
There were several more of those infamous "U-word" ("unexpectedly") sightings yesterday in the business press, as Japan — to the surprise of no one who has successfully avoided the Keynesian koolaid — reported that its economy shrank for the second quarter in a row, officially falling into yet another recession. The U-word hit the trifecta, appearing in reports at the Associated Press,…
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