4 ms·
I agree that the best solution is a variety of solutions, there's no one silver bullet that's going to save us all. I've heard this line about the Japanese bef
by c54 6y ago
I agree that the best solution is a variety of solutions, there's no one silver bullet that's going to save us all.
I've heard this line about the Japanese before and I wonder how they got to this point. I recently learned about the Japanese housing bubble associated with their pre-90's collapse, and it seems the conditions before that crash were very much more similar to what the real estate market is like in the US today, with big conglomerates and banks able to buy and hold huge amounts of land.
I think the responses to the crash probably has something to do with it, the Japanese response was very different from the USA's[0]... but I haven't unpacked this fully enough to have a final analysis.
[0] https://www.lynalden.com/economic-japanification/ https://www.lynalden.com/economic-japanification/