If You’re Wondering Why There Are So Many MALINVESTMENTS in the economy: Nearly half of young adults in the United States are living at home with their parents (Economic Japanization) – December 16, 2022,
Hurry up and die were the words used in 2013 by Taro Aso, the finance minister of Japan. In Japan, many young people live at home with their parents because the Japanese FEDERAL government made corporate welfare a FIXTURE in the Japanese economy. Welfare is welfare, and welfare creates all sorts of malinvestments in the economy.
If you love video games, a lot of the classic video games came from Japan before their federal government MANDATED corporate welfare. A lot of people assume that population growth leads to an out-of-control real estate market, but that’s not true; what drives up the price of real estate is government intervention in the economy.
If let’s imagine for a moment that zero percent interest rate policy(ZIRP) becomes law to prevent an economic collapse from occurring. Well, then debt becomes king, and debt comes with risk, and that risk raises consumer prices. So in Japan, they have some of the highest real estate and rental prices in the world.
When Japan mandated corporate welfare, people in the west never imagined that would come to America; then Barack Obama became president, bailed out Wall Street, and ZIRP became law of the land in the United States. Because ZIRP on the surface appeared to work, inevitably, Left Wingers assumed that it was time for the government to do more to right the wrongs of history, so now, not only do we have these crazy social justice malinvestments in the economy, the people on the far left want the government to control the weather.
Politicians, Conservatives, and Progressives want the government to phase out fossil fuels, and people tend to forget that fiat money revolves around the price of oil. Why is fiat money and oil-linked together? It’s because oil is used for everything, oil is responsible for our standard of living, and the efficiency of drilling for oil is far better now than it was in the past, and this has led to LOWER prices.
Well, politicians declaring war on fossil fuels equates to REGULATION on economic activity linked to all fossil fuels. This makes doing business in the private sector more expensive and less efficient, thereby raising CONSUMER prices. You might not understand how this links to more young adults living at home with their parents spending money on luxury goods, but if you don’t have to STRUGGLE to survive, your PRIORITIES are different.
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As an example, if I were living at home with my parents, I can imagine ECONOMICS and finances in any way I wish because, after all, I wouldn’t have to work hard to pay rent every month. Business people tend to have think about things like MAKING PAYROLL within their financial means, well if you’re an employee or living at home with your parents, rent and meeting payroll is something you’ll NEVER have to think about.
When you have to WORK to pay the bills every month, life is different, your spending patterns are different, and pricing signals in the overall economy are different. Being an employee or living at home with your parents TYPICALLY equates to a completely different mentality, as certain ways of thinking which are VITAL to the economy don’t concern you.
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The article below is worth reading because, for me, at least, it gives me a better idea as to why Progressive politicians keep winning elections, why Bitcoin and crypto investors are so emotional, and why a lot of luxury goods continue to do well during this economic downturn.
Interesting times ahead