"Japan, much like the earth, has limited space and resources. So I don't really ... | Hacker News

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		rsync on Jan 8, 2015 \| parent \| context \| favorite \| on: Japan's fertility rate is rising "Japan, much like the earth, has limited space and resources. So I don't really think of declining population as a problem." The problem is leverage. Why is it a disaster if GDP growth comes in at less than 1% or so ? Is it really so terrible if we don't grow in a particular year, or only grow 1% ? The problem is the leverage. We're counting on the growth just to pay the interest.

eip on Jan 9, 2015 [–]

In the current financial system there is always more debt than there is money to pay it. It's mathematically impossible to pay the interest. That is how slavery works.

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