Japan v. Europe / stimulus v. austerity

It's still early, but so far so good for the anti-austerity economic policies of Japan's Prime Minister Shinzo Abe aimed at pulling Japan out of 20 years of economic doldrums.  

He's doing the exact opposite of what the IMF/WSJ/CNBC/Davos talking heads say to do, by spending money and encouraging inflation. 

I know, I know, many old teabaggers are clutching their chests and turning purple upon reading those words, but there are unintended evils attendant with high savings and zero inflation.

So, once again, the rest of the world is doing us a favor, showing us what works and what doesn't, and all we have to do is watch and copy the smart guys.

It's austerity on the right in Europe, and stimulus on the left in Japan.  Who's gonna win?  

Rest assured that your ace blogger will be following this story!....

(This is totally off-topic, but remember that Michael Crichton novel & movie Rising Sun?  Remember how he and others warned us that Japan's economy was going to eat our lunch?  Seems very silly now.  This was the same Michael Crichton, by the way, (may he RIP) who reportedly convinced Dubya that man-made global warming was a scientific hoax.  So that's, uh, two big strikes against the dead guy.)

Japan household spending surges as "Abenomics" gains momentum

By Stanley White and Kaori Kaneko

April 30, 2013 | Reuters

URL: http://www.reuters.com/article/2013/04/30/us-japan-economy-idUSBRE93T03R20130430

MMGW is a BMBISF -- TGIF!

Now we all know MMGW isn't real, and even if it is real it's only GW, not man-made, and all those climate scientists at dozens of universities and agencies are in a global conspiracy to milk research money; meanwhile, the poor oil/coal/gas companies and CO2-belching corporations can't spare their pocket change to fight these powerful nerds, but anyway...

... I just thought it was interesting that these discredited scientists are now trying to tell us that walruses are now living on land instead of ice, and spiders, birds, mice, etc. are moving north at the rate of several feet/miles a year to flee warmer temperatures.

Yeah, right! Spiders!? And pikas!? What the hell is a pika? Who cares? Give us a break, scientists!

The real problem is getting people moving again. And since cash-strapped Americans spend more money on transportation than food, we need to bring back cheap gasoline, damn the CO2. Wait!... Michelle Bachmann to the rescue! If we elect her, she promised to bring gas down to $2 a gallon. She didn't tell us how in the world she'd do it, but who cares? We need answers, not solutions!

What's that you say? This is like Nixon's "secret plan" to end the war? Oh, don't be so skeptical. That is, when it concerns MMGW, be skeptical, be cynical, but when it comes to the bright future of cheap and plentiful fossil fuels -- burn, baby burn!