Economics jargon? "Diet"???? What’s it mean? Look at this sentence?
by Heather Smith on Thursday, July 1st, 2010 | 1 Comment
Okay what does this sentence mean?
"In the process of high economic growth, public finance played a supporting role. It did not match the central place occupied by banks. public finance was prevented from dominating the high growth mechanism partly for the institutional reason that the budget was subject to the direct control of the Diet. But more fundamentally, unlike the monetary financial sector, the fiscal sector was not sheltered against public exposure by impenetrable technicalities."
This is a small passage on the japanese economy. What does Diet mean? lol…
‘The Diet’ is the name of the Japanese legislature. Politics as usual my friend, don’t expect funny stuff from snuffly economists.
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‘The Diet’ is the name of the Japanese legislature. Politics as usual my friend, don’t expect funny stuff from snuffly economists.
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