tag:blogger.com,1999:blog-602664611343971452.post9098347237453588111..comments2024-01-06T08:57:16.475-05:00Comments on Trust Your Instincts: Bill Gross makes clear zero interest rate policies kill financial sectorAnonymoushttp://www.blogger.com/profile/11316888485290662469noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-602664611343971452.post-24563563220222619752012-11-23T00:59:50.898-05:002012-11-23T00:59:50.898-05:00Japan's society values stability. To the exte...Japan's society values stability. To the extent that the Japanese are voicing their dissatisfaction with the government's handling of the bank solvency led financial crisis, they have done so by replacing the prime minister. This is now happening more than once per year.<br /><br />I think a distinction needs to be made between growth in the real economy and making money on money.<br /><br />I think that growth in the real economy is what it is important. It leads to more food, more health care, more jobs for everyone.<br /><br />So long as making money on money in ways that support the growth of the real economy occurs, I have no problem with making money on money.<br /><br />I agree with your observation that we run into trouble when making money on money becomes an end in and of itself.Anonymoushttps://www.blogger.com/profile/11316888485290662469noreply@blogger.comtag:blogger.com,1999:blog-602664611343971452.post-79730582313347705042012-11-22T19:38:48.591-05:002012-11-22T19:38:48.591-05:00
Japan may not have experienced high economic gr... <br /> Japan may not have experienced high economic growth as we normally measure it but they have had stability and experienced real increases in their standard of living.Sustained economic growth is a fallacy and the idea that money can be put to work to make more money is the root problem. Stock markets exist to feed this illusion as do banks.If the dollar value of a house changes it makes no difference to the physical entity that is the house.jamfletchhttps://www.blogger.com/profile/02842897566603459663noreply@blogger.com