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  Economics (Moderator: Torie)
  Surprised that no one here noticed this... (search mode)
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Author Topic: Surprised that no one here noticed this...  (Read 1633 times)
Gustaf
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Political Matrix
E: 0.39, S: -0.70
« on: June 12, 2010, 08:30:46 AM »
Maybe we want to sleep soundly?
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Gustaf
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Atlas Star
*****
Posts: 29,779


Political Matrix
E: 0.39, S: -0.70
« Reply #1 on: June 12, 2010, 11:39:11 AM »

I can't speak for him, obviously, but you can't focus on all pending disasters simultaneously. Wink

It should be noted though that Japan's debt is largely domestic which makes it less of a problem (the government could in theory confiscate all that private saving to pay off the public debt).

On the other hand, Japan has huge demopgraphic problem coming up, which makes it much more of a problem.

So they do seem to be a bit screwed.
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Gustaf
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Atlas Star
*****
Posts: 29,779


Political Matrix
E: 0.39, S: -0.70
« Reply #2 on: June 16, 2010, 09:01:41 AM »
Japan invented the term quantitative easing, but it didn't work. That's sort of why they have so much debt.
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