Extremes

“The short-lived bubble economy at the end of the 1980s was a period of collective hysteria, a crazy time of frothy fortunes, pie-in-the-sky projects, and lavish living that suddenly evaporated. The impact of the crash of the stock market and land prices has had profound consequences, hammering banks, businesses, investors, borrowers, customers, and employees.”
—Jeff Kingston on Japan’s “lost decade.”

“I cut my leg with a circular saw (…) I knew I had cut myself, but I didn’t feel any pain (…) It was some kind of extreme emotional state.”
—Yamatsuka Eye describing Hanatarash’s second live performance in Osaka, 1984.

Try This On

When someone says to you that not raising taxes is a great thing…

I don’t agree. Why should we allow the jet set to continue running up our debt? Why should we finance their third villa in Italy? Why should we give them tax credits to layoff our neighbors? Why should the jet clubbers clobber our nation? Why should we protect their resorts while they mortgage our houses?

This Time

This time the debt is theirs. They weren’t taxed, yet they did spend. Begin with a surplus, end with a depression. Thanks G & Friends.