Central North Carolina | w1891 - 5/5/2024 17:06 Japan’s case wasn’t a debt issue. It was demographics and the limits of an export driven economy. The exact same thing is what is occurring in China. Without domestic demand, continued high economic growth is impossible as places to export good is capped.
Exporting less because they offshored production
And you don't need growth to reduce debt growth, you can just spend less it is a choice. \
Japan has it all, slow economic growth, slow population growth, fast debt growth. With some of the hardest working folks anywhere.
Edited by Douglas 5/6/2024 10:30
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Modern Monetary Theory and taxes
