Towards the end of an article that discussed efforts by Japan's government to boost the demand for workers by generating inflation the NYT told readers:
"The country has an aging, shrinking population. It needs more workers."
Umm, no. It does not make sense to say that Japan is suffering from inadequate demand, which means that it has more supply of workers than demand for workers, and then to say it needs more workers. Up is not down.
There is a well-funded effort in the United States to t...
Published on December 21, 2012 02:50