11 Matching Annotations
  1. Oct 2020
  2. Sep 2020
  3. Aug 2020
  4. Jul 2020
  5. May 2020
    1. Although Mr Abe is known for economic stimulus, his term has involved two large rises in consumption tax, from 5 per cent to 8 per cent in 2014 and then to 10 per cent in October last year. In both cases, the tax increase drove the economy into recession.

      Makes me more sympathetic to Biden plan (no tax raises under 400k income)

  6. Aug 2019
    1. Negative rates in theory mean the German government can borrow money from investors and get paid for doing so. But Berlin runs a budget surplus and has no desire to increase spending as other slower-growing European countries would like it to do. Olaf Scholz, Germany’s finance minister, has said recently the government doesn’t need to act as if it is in a crisis