← Home ← Back to /his/

Thread 17914058

6 posts 2 images /his/
Anonymous No.17914058 >>17914071
You know the Japanese economic miracle after WW2 (1950-1985)? There is nothing magical about Japan or Japanese people (although they are quite intelligent) that allowed for this boom, just clever credit creation and allocation.

This boom-creating strategy was then successfully copied by China, Korea, Singapore and Taiwan without fail. It worked consistently (Nazi Germany also utilized it for its economic miracle).

And it'd work when applied by any modern nation today. You're living in comparative austerity because the rulers refuse to use it because it requires decentralizing credit creation from a few big banks to many small banks.
Anonymous No.17914071 >>17914094
>>17914058 (OP)
>(Nazi Germany also utilized it for its economic miracle).
Youre saying 1980s Japan issued Mefo Bills?
Anonymous No.17914094
>>17914071
Both spammed credit creation via government. Germany directed this new credit to their war machine, post war Japan directed credit towards businesses with healthy parameters creating a more sustainable boom not geared for war.
Anonymous No.17914198 >>17916012
What happened actually was that MacArthur abolished the remnants of feudalism in Japan and redistributed landholdings so that businesses could develop.
Anonymous No.17915584
There are a lot of countries that would benefit from switching to state-guided capitalism.
Anonymous No.17916012
>>17914198
That also played a role yes