Japanese austerity produced depression, assassination, and militarism.

Evidence

Austerity not only didn’t work in Japan. It created the worst depression in Japanese history, provoked an assassination campaign against bankers, and empowered “the wonderful folks that brought you Pearl Harbor.” — Mark Blyth, Austerity, 544

Categorization

  • CANDY: “The wonderful folks that brought you Pearl Harbor” is a darkly funny one-liner connecting interwar orthodoxy to world-historic catastrophe.
  • XREF: connects to: Austerity-driven military cuts triggered an assassination and coup attempt — Mark Blyth, Austerity: The History of a Dangerous…, 541; Japanese elites sold deflation as unavoidable sacrifice through mass propaganda — Mark Blyth, Austerity: The History of a Dangerous…, 538; Japanese austerity fell hardest on the military budget — Mark Blyth, Austerity: The History of a Dangerous…, 540 (+5 more)

Broader Connections