Podcasts Points Found Interesting / Important
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Princes of the Yen; We the Dunces of the Dollar
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Princes of the Yen; We the Dunces of the Dollar
Our current era echoes greatly that of Japan’s financial collapse.
A credit bubble so violently expanded, and so viciously popped. The ministry of Finance allowed the expansion and abatement of credit to drive demand for a new financial system. They abandoned all their powers they did have to fix or stifle the financial crisis and prolonged peoples suffering to garner support for the changes in the financial system they desired.
When we look at what happened in other countries, we can’t help but be a little grateful its not as bad here(not as bad yet).
Debated what group to post this in, here is probably best.
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1 Reply
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Nice historical documentary
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