Can stimulus packages lead to lost decades and ballooning debt?

FRANKFURT AM MAIN, GERMANY - JULY 17: Homare S...
Image by Getty Images via @daylife

Japan tried desperately to pump billions upon billions of yen into its economy during the 1990 to jump start an economy ailing after a terrible real estate bubble that popped at the end of the 1980s. Twenty years later, Japan has a public debt that is twice its GDP and a credit rating of AA (one step below the US).

Most indebted countries:

  1. Japan – 213 percent of GDP
  2. Greece – 157 percent
  3. Italy – 129 percent
  4. Iceland – 121 percent
  5. Ireland – 120 percent
  6. Portugal – 111 percent
  7. United States – 101 percent
  8. Belgium – 101 percent
  9. France – 97 percent
  10. United Kingdom – 89 percent

Sorin Adam Matei

Sorin Adam Matei - Professor of Communication at Purdue University - studies the relationship between information technology and social groups. He published papers and articles in Journal of Communication, Communication Research, Information Society, and Foreign Policy. He is the author or co-editor of several books. The most recent is Structural differentation in social media. He also co-edited Ethical Reasoning in Big Data,Transparency in social media and Roles, Trust, and Reputation in Social Media Knowledge Markets: Theory and Methods (Computational Social Sciences) , all three the product of the NSF funded KredibleNet project. Dr. Matei's teaching portfolio includes online interaction, and online community analytics and development classes. His teaching makes use of a number of software platforms he has codeveloped, such as Visible Effort . Dr. Matei is also known for his media work. He is a former BBC World Service journalist whose contributions have been published in Esquire and several leading Romanian newspapers. In Romania, he is known for his books Boierii Mintii (The Mind Boyars), Idolii forului (Idols of the forum), and Idei de schimb (Spare ideas).

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