Re: Does Japan's $93 trillion monetary base include their Postal Savings Accounts?

Darren <[EMAIL PROTECTED]> wrote:
>Christian Party wrote:
>> He now
>> has a credit card debt of $13,888, public debt of $48,611,
>
>US public debt as a % of GDP is quite reasonable by developed country
>standards.  Japanese debt/GDP is over 100%.

He still doesn't believe that the Japanese government has had massive
deficit spending for years.

>> there are 30% more
>> government employees than manufacturing employees,
>
>So?

He doesn't know what a service economy is, and he thinks that
manufacturing could possibly be profitable when the workers are making
American wages.

>> and only 4 of the world's
>> largest industrial corporations are HERE, in the US.
>
>So?

Not sure what defines "industrial", and how he defines "largest", but
it appears he is wrong again:

http://www.businessweek.com/magazine/content/03_28/b3841021_mz047.htm

has US corporations in the top 7 positions based on market value, in
17 of the top 25, and with 16 corporations larger than the largest
Japanese firm (Toyota).

lojbab
-- 
lojbab                                             [EMAIL PROTECTED]
Bob LeChevalier, Founder, The Logical Language Group
(Opinions are my own; I do not speak for the organization.)
Artificial language Loglan/Lojban:                 http://www.lojban.org