Modern technology is what has made living better, NOT the Federal Reserve or banks.
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Maybe one could say that producing free money has helped improve the economy, just like taking in debts can improve one's domestic economy.
As everybody knows, the problem with improving one's own economy through debt is that someday one has to pay it back.
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I don't think this is sustainable
of course the FED creating money doesn't mean per se to creating debt,
but beside the concept of debt monetization, which doesn't apply only to Japan, I think the two are somehow correlated
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Comments
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Then those younger folk will be even less willing to work.
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Weakness.
Knowledge is the enemy of fear
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Not weak.
Lazy.
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Laziness is weakness. Make em hungry to build their strength.
Knowledge is the enemy of fear
.
Maybe one could say that producing free money has helped improve the economy, just like taking in debts can improve one's domestic economy.
As everybody knows, the problem with improving one's own economy through debt is that someday one has to pay it back.
.
.
I don't think this is sustainable
of course the FED creating money doesn't mean per se to creating debt,
but beside the concept of debt monetization, which doesn't apply only to Japan, I think the two are somehow correlated
.