Japan Embraced Debt as a Way out of Its Budget Crisis. It's Not Working.

Japan Embraced Debt as a Way out of Its Budget Crisis. It’s Not Working.

10/20/2020 Taiki Murai Gunther Schnabl

In Japan, huge social security expenditures have been simply monetized by the Bank of Japan at the expense of the overall welfare and the economic prospects of Japan’s youth.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Original Article: “Japan Embraced Debt as a Way out of Its Budget Crisis. It’s Not Working.“.

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