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.
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.