According to Australian economist William Mitchell, ``... the
Japanese experience with sustained high fiscal deficits, the world's
largest public debt to GDP ratio, close to zero interest rates, and deflation, was totally
at odds with (neo-liberal) economic theories.
Exploring around 40
large Japanese public housing blocks known as «danci» («group land»), visiting
at dusk and early evening, Cody said he initially saw these buildings as «mountains of steel and concrete».