Episode 24: The 30-Year Assassination of the Japanese Economy — Why Bureaucrats Intentionally Destroyed Growth to Save Their "Bonds"
The 30-Year Anomaly: Nominal GDP Growth Index Base Year: 1995 = 100 | Data reflects the "Stagnation Factory" at work. Welcome back to the underground bunker of Bakuro-cho . Recently, at a medical conference, I listened to a presentation discussing national bonds and interest rates. The speaker talked about interest rates as if they were weather phenomena controlled by God. I had to laugh. Long before that boring presentation, I had already arrived at a completely different, chilling hypothesis. Economists all over the world ask: "Why has Japan failed to recover from deflation for over 30 years? Why are their economic policies so incompetent?" They are asking the wrong question. The bureaucracy did not fail. The 30-year economic stagnation of Japan is not a failure; it is an intentional, flawlessly executed success. 【A＆B：Hidden Purpose of National Bonds(Debt)】 Let’s start with a simple premise: Bureaucrats are not servants of the public. Thei...