You are stating the obvious.
Everybody knows the Japanese have a high saving rate, artificially encouraged.
You've conveniently ignored (or have no rational explanation for) debt-to-GDP in Australia... thus the argument that high debt to GDP always causes failure of the economy is twice defeated.
You have really strayed from the original post -
Message 25726306
and dragged it onto this thread, in an effort to pontificate on matters you cannot debate honestly.
I question the assertions of "experts" because so far, very few of them have got it right. I question the "commonly accepted" views - so-called "conventional wisdom" - because so often, it leads to disastrous outcomes. It's for that reason we use the dialectic: not because we know the truth, but because we want to discover it.
DIALECTIC: 1. The art or practice of arriving at the truth by the exchange of logical arguments.
It requires those participating to hold a consistent view, debated honestly. No changing horses, switching arguments, ducking rebuttals, and dodging tough questions.
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Two months ago, you were all for stagflation, NOT hyperinflation...
"The most likely future is STAGFLATION."
Message 25597812
"I am advancing STAGFLATION as the most likely outcome because all logic and evidence points me in that direction."
Message 25597993
"In the mean time -- STAGFLATION is ours to endure."
Message 25601212
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Now it's HYPERINFLATION, folks!
What you believe is up to you. But if you want others to be persuaded your opinions are valid, then be prepared to hold them honestly, debate them logically, and support them with valid evidence.
Regards,
Jim
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