Quantcast
fee.org 06 Aug, 2022 14:45 am

How Japan’s Government Looted the Future—and Its Children Are Paying the Price

How Japan’s Government Looted the Future—and Its Children Are Paying the Price
It will take 14,400 years to double the principal at the current interest rate of Japanese bonds (0.005%). The Bank of Japan holds more than half of these bonds; and as both the rate and value of the yen against the US dollar begins to fall, prices have started to rise. iPhones in Japan are up 20 percent this month.

One of the problems he identifies is present here in the US as well, namely, “Not enough people stand up for future generations when it comes to fiscal policy.Yet future generations don’t have a say in what the government does here and now.Not enough people stand up for future generations when it comes to fiscal policy.Not only has issuing government debt left future generations to foot the bill, but the interest rate of only 0.

As a result, Japan is losing its lure and appeal to future generations and the birth rate continues to plummet.It will take 14,400 years to double the principal at the current interest rate of 0.

Read full story at fee.org