A little article about Japan and the financial mess they've created, lots of parallels with the EU and USA.
https://mises.org/blog/how-central-p...80%99s-economy
Japan's Keynesian death spiral began almost three decades ago. In 1986 the value of the Japanese yen almost doubled relative to the US dollar. Consequently, Japan's mammoth export sector took a beating. Businesses with political influence found they could achieve higher returns not by innovating or cutting costs, but rather, by pressuring the political and monetary elite to flood the market with cheap credit.





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