STEPHEN GREEN: How Do You Say “Keynesian Failure” in Japanese? I think it’s ケインズ主義の失敗.

Plus: “Deregulate. Simplify the tax code. Protect the value of your currency. Those three steps are all it takes to achieve prosperity, but as Glenn Reynolds like to say, politicians don’t like them because they provide too few opportunities for graft.” Well, I don’t exactly like to say it, it’s just that it’s indisputably true. . . .