Japan Shows Why - And How - All Fiat Currencies Are Doomed seekingalpha.com

posted by  banzaitokyo | 6 years, 11 months ago

A couple of decades ago, when the post-war baby boom generation was in its prime earning and tax-paying years, governments had a chance to guarantee the survival of their financial systems.

But they blew it. Instead of controlling spending, running surpluses and banking the proceeds against the inevitable retirement of millions of boomers, most chose other priorities, whether military, social or (in the US case) both guns and butter.