[kingkongrevenge]

> There haven't been the large public works project perscribed by keneysian economics in japan.

At one point Japan was the single largest concrete importer in the world. They were building roads and bridges and train lines like crazy. It temporarily juiced the markets but did nothing to sustainably restart the economy.

Japan didn't so much subsidize the zombie banks as simply allow them to float along insolvent forever. They never forced bankruptcy or write-downs.

> The internet stocks bubble of the late 90s also was largely unrelated to government manipulation.

The NASDAQ went parabolic in 1999 just after Greenspan cut interest rates as a precautionary measure to juice the economy in preparation for Y2K.

Tulips are addressed elsewhere. I don't know anything about Eastern European housing, but I'll bet its riddled with subsidies and tax advantages just like it is here.