In Repsonse to Iris

[Lizette Bernal]

Hi Iris,

The way Japan set up limits for spending was really interesting. Although I'm still a little confused on how it worked, I like the idea of setting regualtions to avoid spending on items that aren't needed. It would definitely increase savings. But how does one monitor that? I might've missed th answer to this next question in the lecture also, but does this always work or are there some flaws?