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>Japan specifically could print unimaginable amount of money and use it to create whatever technology they want. And they're not doing this because...? We are
by navigatesol 7y ago
>Japan specifically could print unimaginable amount of money and use it to create whatever technology they want.
And they're not doing this because...?
We are living in truly dangerous times if people actually buy into this nonsense.
- lowdose 7y agoYou are completely right. This sounds like a fringe academic theory from someone without skin in the game.
- corodra 7y agoFringe academic theory is being generous. This is more someone watched that ten minute cartoon YouTube video on "how centralized banks really work" and now think they're economic experts.
- 5822130027 7y agoJapan was doing this ! till the 1980s - until the Plaza accord when their currency was artifically propped. Japan was way too successful as a planned centralized economy. Japan can't do it anymore because it would violate international treaties they signed with the US and EU. Specifically the BOJ has been trying to shake Japan off from a centralized cartelized economy to a market based economy, but it's not easy to change structural conditions. Have a read on Richard's work, he spent 10 years in Japan with the BOJ. The wildcard is China, who really do not care what anybody thinks about what they do. So it will be interesting to watch the US / EU deal with deflation, low growth. While China continues to march ahead in technology.