by Mike ‘Mish’ Shedlock
Economist Paul Krugman is whining for more fiscal stimulus, his favorite pastime by far. Krugman’s target this time is Japan.
Let’s take a look at Krugman’s arrow theory, then politely smash it into the next galaxy.
Please consider Abenomics and the Single Arrow by Paul Krugman.
Some disappointing numbers on Japanese GDP, and the usual suspects are out there denouncing Abenomics and calling for structural reform, the universal elixir. And the evidence that structural reform is the answer is …