Message from @Rhodesiaboo
Discord ID: 498117680042344450
Organ pipe cactus
Geeze.
Kyle is still here!
I noticed that too
Economist Paul Krugman has argued that Japan's lost decade is an example of a liquidity trap (a situation in which monetary policy is unable to lower nominal interest rates because these are close to zero). He explained how truly massive the asset bubble was in Japan by 1990, with a tripling of land and stock market prices during the prosperous 1980s. Japan's high personal savings rates, driven in part by the demographics of an aging population, enabled Japanese firms to rely heavily on traditional bank loans from supporting banking networks, as opposed to issuing stock or bonds via the capital markets to acquire funds. The cozy relationship of corporations to banks and the implicit guarantee of a taxpayer bailout of bank deposits created a significant moral hazard problem, leading to an atmosphere of crony capitalism and reduced lending standards. In so doing they helped inflate the bubble economy to grotesque proportions." The Bank of Japan began increasing interest rates in 1990 due in part to concerns over the bubble and in 1991 land and stock prices began a steep decline, within a few years reaching 60% below their peak.[10]
We're going to take a look at this debate later tonight
I'm watching it right now...Leah Vukmir seems to have the clear upper hand so far
Tammy Baldwin comes off as a sleepy office lady
who is reciting memorized lines
while not responding to any of Vukmir's attacks
Vukmir at least has some spunk and personality
and she is attacking Baldwin hard
and Baldwin is behaving as she doesn't realize she's being attacked
<@&462745116768075776> is anyone open to a Voice Chat starting at 7pm Eastern Time to go over that debate and discuss other important topics ?
I have been on voice chat most of the day then left because I was ~~erping in FF14~~ went out for dinner
working late tonight, unfortunately.
Grr