Japan’s Latest GDP Drop: Proves, Again, Keynesians Don’t Know Difference Between Healthy Growth And Destructive Redistribution

Like the initial or preliminary GDP report in Japan for Q3, the first revision caught almost every economist totally the wrong way. Expectations were for upward re-figuring which should have been taken as a contrarian signal. And sure enough, December’s revisions to Q3 GDP were in the opposite direction as expected, and for all the...
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