2min chapter

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What The Weak Recovery In Japan Can Teach Us About Re-Igniting The U.S. Economy

Odd Lots

CHAPTER

Is There a Difference Between 2008 and 2008?

I think more is done now, then in 2008 to ensure that money goes into the real economy. And you've heard all these proposals about and policies to try to put money into people's pockets. But we're bankrupting thousands of small firms and salt traders, business people. So essentially, it's a government imposed truncation of the economy. It's like an amputation of the small business sector. All these industries and activities that need human contact and that are not privileged, they're dying now. In the US, this means immediately unemployment. This is 1930s Great Depression sort of levels. There has been a greater attempt now than 2008 to help with that.

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