The Politics of Cheapness: Japan’s Consumption-Tax Truce, the Yen’s Fragility and the Long Shadow of a Weaker Dollar
In politics, there are few ideas more seductive than cheapness. Not efficiency, not reform, not even growth — but the promise that tomorrow will cost less than today. Cheapness is democratic. It asks nothing of voters except gratitude. It allows leaders to appear generous without confronting trade-offs, and it flatters the belief that pain can… Continue reading The Politics of Cheapness: Japan’s Consumption-Tax Truce, the Yen’s Fragility and the Long Shadow of a Weaker Dollar
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