Japanese government have been trying for years to stoke inflation. Now they are surprised when prices go up fast than wages.
The currency is on a slow grind to zero as they continue to print money to infinity, and they can't stop it because if they raise rates everyone will see they've been swimming naked for a long time.
It would be good if they at least pretended to try doing something to fix it. The only way out is increasing productivity (and that's a long road). Instead they just want to continue papering over the issues to stay in power.
avparker.com / andrew
npub1av…5eavp
2024-10-20 08:54:40
in reply to nevent1q…57al
Author Public Key
npub1avpwerg3879tr3tfla5uk7mdmmt2v0n5t3ff08ekez5dh3qu84yqj5eavpSeen on
wss://relay.nostr.bandPublished at
2024-10-20 08:54:40Event JSON
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"content": "Japanese government have been trying for years to stoke inflation. Now they are surprised when prices go up fast than wages.\n\nThe currency is on a slow grind to zero as they continue to print money to infinity, and they can't stop it because if they raise rates everyone will see they've been swimming naked for a long time.\n\nIt would be good if they at least pretended to try doing something to fix it. The only way out is increasing productivity (and that's a long road). Instead they just want to continue papering over the issues to stay in power.",
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