Less of the "anyone with an ounce of sense" type language, please. Not everyone who disagrees with you is stupid.
What you say is correct as far as it goes but ... well ... I could write:
> Only a driveling idiot does not understand that a government that prints its own currency doesn't need to borrow money at all.
And it would be completely true. They tried that in Zimbabwe, didn't they?
I'm wall aware that Japan has a few magic charms (high savings rates, strong balance of trade, and so on) that enabled the government to run up far higher debts than would be possible elsewhere. But it looks to me like those charms are all used up now.
What you say is correct as far as it goes but ... well ... I could write:
> Only a driveling idiot does not understand that a government that prints its own currency doesn't need to borrow money at all.
And it would be completely true. They tried that in Zimbabwe, didn't they?
I'm wall aware that Japan has a few magic charms (high savings rates, strong balance of trade, and so on) that enabled the government to run up far higher debts than would be possible elsewhere. But it looks to me like those charms are all used up now.