In recent Tokyo visits, two Nobel laureates pleaded with Shinzo Abe: Please don’t be crazy enough to raise taxes on your deflation-plagued nation.

What Paul Krugman and Joseph Stiglitz really did was explain why the prime minister’s economics program has flopped so spectacularly, and how Abe’s team is doubling down on failure by clinging to dogma that has no place in Japan’s present or future.

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