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  • It seems we are not able to talk about the economic effects of this era of capitalism as almost our entire monetary and economic theory seems to be defined by two events and institutions compeltely lack the ability to see anything else

    1) The oil crisis of the 70s, inflation of getting off the gold standard

    2) The invisible productivity print and GDP of the 90s due to the internet

    These two solutions seem to be the only thing our current wonks can imagine as a solve for current crisis that are entirely different and need to be analyzed entirely on their own terms

    For example

    1) America printed 70% more currency over covid yet somehow did not experience anywhere near the global devaluation it should have (even if we experienced INTERNAL inflation) resulting in an extremely "monaco like" economy where everything is now hyper expensive and economy seems to be 'melting up.'

    2) Nations like japan would dont run the world currency are experiencing MASSIVE devaluation while doing the same things, trapping their citizens inside their nation and cutting them off from global trade and weakening their borrowing position

    These are net new scenarios the FED refuses to have a new playbook to deal with, and its an impressive illustration of our so called 'experts' complete lack of knowledge of what to do if it wasn't already written down in a book.

    by tsunamifury
  • What's the crisis? I mean, what makes you feel there is a crisis? I know social media can make anyone feel extremely anxious these days, but for real?
    by anovikov
  • > FED

    You are aware this isn't an acronym and you mean "Fed"? I don't know how seriously to take your opinions about macroeconomics.

    by triceratops
  • I think the US helped Japan so that they wouldn't start dumping US treasuries to support the yen, making our already bad situation worse. I don't expect it to work as we are sitting down to a banquet of consequences.
    by recursivedoubts
  • economics < productivity < demographics (primarily ) & technology (secondarily)

    Every country in the world is trying to solve the same problem: how to preserve economic growth despite a shrinking population and declining productivity.

    The USA and western Europe chose to resolve it with immigration.

    Japan & (some of) Eastern Europe chose to resolve it without immigration.

    Japan is the economic canary because they had a 15+ year head start, and had the best discipline with immigration control. Their economic indicators are trailing-signals of the demographic freefall. Debt can only patch it for so long.

    by tonymet
  • >The USA and western Europe chose to resolve it with immigration.

    Immigration is a core tenet of the post-WW2 Western consensus and precedes any demographic scare in most Western countries by decades.

    by mamonster
  • > Every country in the world is trying to solve the same problem: how to preserve economic growth ...

    Why is economic growth needed?

    Because politicians whored for votes and "kept" their promises by creating ever more public debt, spending more than they made (usually while lining up their pockets and the pockets of their relatives, including their mistresses).

    Politicians are so corrupt and so incompetent that none of them would even be accepted as president of a table tennis club.

    Capitalism doesn't need endless growth to work. It's governments spending more than what they should that do.

    by TacticalCoder
  • >Every country in the world is trying to solve the same problem: how to preserve economic growth despite a shrinking population and declining productivity.

    Which countries are actually seeing secular (ie. not a dip for a few quarters) because of a recession or whatever) productivity decline, and aren't economic basketcases (eg. Cuba or Venezuela)?

    by gruez
  • Actually Eastern Europe is doing immigration despite what headlines you might be reading. Lots of Indians and Filipinos and Latin Americans.
    by dauertewigkeit
  • this is really an oversimplification. Japan has been struggling since the real estate bubble popped and their post 2008 strategy of extremely low interest rates has lead to the yen carry trade which now is causing problems with raising rates, etc. there’s so many specific factors with japan that are causing issues before population
    by bradishungry