Why the last decade has been an economic disappointment for most Americans.: "As we dig out from the rubble of the financial sector's collapse, it's common to hear analysts fret that the United States may now be facing a Japan-style 'lost decade.' Throughout the 1990s, after its real estate and stock bubble burst, Japan struggled with low growth for more than 10 years. It emerged from the decade shrunken and sapped of confidence, with very little to show for a large amount of government spending and near-zero interest rates.
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(Via Slate Magazine.)
