Article Cites Takeo Hoshi's Study on Saving Rates in Japan
Sushi-Grade Crises
09/25/2012
Joel Bowman,
Business Insider
A dear friend sent us a message. “Comedy” was the title and, attached, was a cameraphone snapshot depicting, as our unpaid correspondent described it, “3-4 planeloads of people queuing to get through 2 scanners at customs at Ezeiza [Airport, Buenos Aires] while the 4 remaining scanners were conspicuously closed.”
This is typical of government operations in late-stage, degenerate socialist countries, like Argentina. What happened next is also typical…and instructive.
Again, according to our friend’s report, “After hurling abuse at the customs officials…300+ people made a run at the gates, pouring through un-scanned and un-taxed, carrying all sorts of illicit goods like iPhones and digital cameras.”
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Takeo Hoshi is the Pacific Economic Cooperation Professor in international economic relations at IR/PS, and a research associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER). His major research area is the study of the financial aspects of the Japanese economy, especially corporate finance and governance.
