Congress and President Barack Obama should take away from the Japanese situation that excessive austerity regarding fiscal policy can slow growth and not improve the situation of public finances. The United States should instead reform the tax code and enact entitlement reform legislation to increase tax revenues and stimulate economic growth.
Say, that John H. Makin man pretty conservative. Financial Times, as if hinting & quot;…gave intellectual cover for Republicans who might dare to oppose further fiscal austerity".
