3 ms·

Well that's easy, you just build bullet trains everywhere, and create a culture where people build new houses, rather than buy second hand [1]. That should get

Well that's easy, you just build bullet trains everywhere, and create a culture where people build new houses, rather than buy second hand [1]. That should get things moving... Snark aside, are there any good sources looking at Japanese economics, because they don't seem to follow the same rules as everyone else. [1] https://www.theguardian.com/cities/2017/nov/16/japan-reusable-housing-revolution https://www.theguardian.com/cities/2017/nov/16/japan-reusabl...

RobertoG 7y ago
I would recommend looking at it from a Modern Monetary Theory perspective (1) (2). In my case, it's only then, when everything started to make sense. (1) - http://bilbo.economicoutlook.net/blog/?p=33094 http://bilbo.economicoutlook.net/blog/?p=33094 (2) - http://bilbo.economicoutlook.net/blog/?p=40250 http://bilbo.economicoutlook.net/blog/?p=40250 They (Japan) themselves are doing it: https://www.bloomberg.com/news/articles/2019-06-05/japan-worries-about-its-deficit-as-mmt-argues-there-s-no-need https://www.bloomberg.com/news/articles/2019-06-05/japan-wor...
- s_Hogg 7y ago
  Given that even the proponents of MMT don't agree on what it is, I wouldn't. Economics as a discipline has problems(1), but I don't think MMT goes anywhere near to addressing them, nor to providing a scientific basis for doing so. (1) Source: I hold a bachelor and master degree in econ
  - RobertoG 7y ago
    >>"Given that even the proponents of MMT don't agree on what it is [..]" I'm not an economist but I have read a lot of the MMT literature, including the available textbook (1) and it's a totally coherent framework. Can you point me to some of those contradictions that you have observed? (1) - https://www.amazon.com/Macroeconomics-William-Mitchell/dp/1137610662/ref=sr_1_1?keywords=macroeconomics+mitchell&qid=1566640356&s=gateway&sr=8-1 https://www.amazon.com/Macroeconomics-William-Mitchell/dp/11...
coldtea 7y ago
>Well that's easy, you just build bullet trains everywhere, and create a culture where people build new houses, rather than buy second hand [1]. That should get things moving... Yeah, so?

RobertoG 7y ago

I would recommend looking at it from a Modern Monetary Theory perspective (1) (2). In my case, it's only then, when everything started to make sense. (1) - http://bilbo.economicoutlook.net/blog/?p=33094 http://bilbo.economicoutlook.net/blog/?p=33094 (2) - http://bilbo.economicoutlook.net/blog/?p=40250 http://bilbo.economicoutlook.net/blog/?p=40250 They (Japan) themselves are doing it: https://www.bloomberg.com/news/articles/2019-06-05/japan-worries-about-its-deficit-as-mmt-argues-there-s-no-need https://www.bloomberg.com/news/articles/2019-06-05/japan-wor...

s_Hogg 7y ago
Given that even the proponents of MMT don't agree on what it is, I wouldn't. Economics as a discipline has problems(1), but I don't think MMT goes anywhere near to addressing them, nor to providing a scientific basis for doing so. (1) Source: I hold a bachelor and master degree in econ
- RobertoG 7y ago
  >>"Given that even the proponents of MMT don't agree on what it is [..]" I'm not an economist but I have read a lot of the MMT literature, including the available textbook (1) and it's a totally coherent framework. Can you point me to some of those contradictions that you have observed? (1) - https://www.amazon.com/Macroeconomics-William-Mitchell/dp/1137610662/ref=sr_1_1?keywords=macroeconomics+mitchell&qid=1566640356&s=gateway&sr=8-1 https://www.amazon.com/Macroeconomics-William-Mitchell/dp/11...

coldtea 7y ago

>Well that's easy, you just build bullet trains everywhere, and create a culture where people build new houses, rather than buy second hand [1]. That should get things moving... Yeah, so?