Today's Second Buggy Commentary
Found at the Marginal Revolution --- run by a flexible libertarian economist ,Tyler Cowen --- the bugged out stuf today replies to a short post that started the thread by Cowen. Among other things, he said categorically that the US recovery from its current financial crisis will be dragged out for a decade . . . the length of time it took Japan to deal with its huge financial and real-estate balloon and bust.
Prof bug disagreed. Strongly. There are some similarities, of course, between the two crises, but the differences stand out starkly . . . and much to the favor of the US. Click here for the original Cowen post and prof bug's rejoinder.