The headline is rather telling. It's really not the burn they think it is.
Economists have been predicting for years that the Japanese economy would crash due to "debt". Hasn't happened. So maybe, just maybe, the model being used by these economists is wrong, which implies that they do not understand--or are misrepresenting--how the economies of currency-issuing countries actually work. In any other scientific field this would be damaging to the branch of science involved. But not orthodox economics. It just keeps on keeping on.
Economists have been predicting for years that the Japanese economy would crash due to "debt". Hasn't happened. So maybe, just maybe, the model being used by these economists is wrong, which implies that they do not understand--or are misrepresenting--how the economies of currency-issuing countries actually work. In any other scientific field this would be damaging to the branch of science involved. But not orthodox economics. It just keeps on keeping on.