Rich people love to cosplay with the fake monarchy. I think its because they themselves wish they had the same dictatorial power they had in the past.

If Europe dramatically increases spending on NATO would he be wrong?

I don’t like the guy, but objectively speaking how would you rebut the results, its some Dr Manhattan level quackery.

Elon Musk will be regarded with the likes of Leonardo da Vinci and Louis Pasteur in the history books.

But I want mine to have a goatee, why doesn’t apple give iPhone a goatee?

Ah I see it just infers it will dip into it and doesn’t provide much detail, thank you kind sir.

What sentence in this article says who is suggesting this, I can’t find it.

I hope they don’t have access to a cloud computing provider somewhere, otherwise this is going to be a tough thing to enforce without a great firewall larger than China has.

It will be hilarious to see them attempt it though.

Its not capitalism that causes the over leveraged ponzi scheme, its the lender of last resort they call the Bank of Japan.

In a capitalist lending system you wouldn’t get bailed out for making risky loans, so there wouldn’t be the moral hazard, or the heightened cantillon effect to profit off debt accumulation.

Oh no, who will destabilize other country?

Sounds like you figured it out, since the debasement of the gold standard we locked away an inelastic good behind a mountain of debt, where prices rose to whatever interest rates would allow, providing a massive first mover advantage to those born prior. Then we wonder why nobody has kids.

If housing didn’t continue to rise how many boomers would hold it as an investment instead of downsizing and buying an appreciating asset?

This is also why Bitcoin will keep going up and everyone should own at least a little, it leverages the cantillon effect as central banks get looser and looser due to aging demographics and shrinking aggregate demand.

It was the government doing window guidance that caused their mess, how do you blame the people who made successful companies that gave Japan its first world living standard?

Its monetary policy that has done it. The lost decade and all that, caused by the central banks via loose monetary policy.

Had they let prices correct normally it may have been fixed, instead zombie corporations subsist on the back of the government.

Same with misinformation. Where anything they disagree with, in good faith or not, is misinformation.

You can download the models and compile them yourself, that will be as effective as the US government was at banning encryption.

Our system survives by creating economic slaves.  For instance the mortgage acts as a gatekeeper in the fiat system, by locking up an inelastic good in a form that can only be unlocked by completing the payment obligations.  Housing rises in price to max out the metaphorical bucket of whatever interest rates allow for debt accumulation, and property ownership is controlled by one’s ability to secure debt. This ensures that the financial system has a steady stream of obligations that help sustain the flow of currency, which helps drive aggregate demand.

The goal is to create a 2% inflation, as calculated by an index that excludes housing appreciation and investments, you require ever growing money supply.  Money supply is grown via debt accumulation, this then funnels down into foods and services, excluding substitutions and hedonic adjustments, deriving a 2% inflation to a dynamic basket of goods. Housing works well for this because housing is finite and demand in inelastic; prices can rise faster than fundamentals, and it is therefore a liquidity sponge.

We need a liquidity sponge because for every person who saves money someone else must have a corresponding debt. Since the gold standard ended debt now has to grow, to create the new money supply to pay past debts.  The money you spend at the grocery store is somebody else’s debt, its somebody’s mortgage or bank loan, that you acquired by working a job to produce something that the newly issued currency desired.

If the next guy doesn’t take out debt, say because prices are falling, then the entire scheme unwinds, and we get a crisis. That money owed has already been spent several times, until it ends up in an equity, unmortgaged home, or bond, and outside of what the CPI uses to hold back money supply growth. If debt isnt taken out then rates will keep falling until someone is encouraged to borrow, in which case debt is securitized into a new supply of money, which creates the windfall that can be spent on consumer goods to derive a 2% inflation.

If debt does keep accumulating you can extract the cantillon effect, as long as the next guy in line takes out debt past debts are inflated away and your past debt is paid off.  As people realize this phenomenon they are then willing to sign up for ever larger debts, and you get a bubble in asset prices, because we treat promises of future money the same as present money. So in my opinion its the monetary system that is the main cause of the growing wealth inequality, and the farther we get from the gold standard the worse it will get.

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