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This is a good example of why the federal government has lost trust. Perpetual money printing and MMT is not a big trust-builder.
by JacobThreeThree 4y ago
This is a good example of why the federal government has lost trust. Perpetual money printing and MMT is not a big trust-builder.
- _the_king_ 4y agoJapan has deficit-spent more than the United States as of late. Japan has problems, but an existential loss of trust in the central government and failure of state capacity are not among them. They have bullet trains.
- s1artibartfast 4y agoJapans Nominal GDP also peaked in the 90s, and their Debt/GDP has continually increased since.
- jdmichal 4y agoJapan's GDP-per-capita has been roughly stable since the 90's: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=JP https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...
- s1artibartfast 4y agoYeah, no growth and increasing debt is not a sustainable situation