Image via Wikipedia Like many members of Japan’s middle class, Masato Y. enjoyed a level of affluence two decades ago that was the envy of the world. Masato, a small-business owner, bought a... Read more
Image via Wikipedia By PAUL KRUGMAN Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions... Read more