The right policies – less fiscal austerity in the short run, more public investment spending, and less reliance on monetary easing – are the opposite of those that have been pursued by the world’s major economies. No wonder global growth keeps on disappointing.
正确的政策——减少短期财政紧缩、增加公共投资支出、减少货币宽松依赖——与世界主要经济体所追求的政策截然相反。毫不奇怪全球增长一直令人失望。从某种程度上讲，现在我们都是日本人。