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Japan Per-Capita Gov't Debt vs. US


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2013 Dec 16, 3:25am   355 views  1 comment

by Bellingham Bill   ➕follow (2)   💰tip   ignore  

http://research.stlouisfed.org/fred2/graph/?g=q4y

Per-capita is age 25-54, since this is the population that has to actually make the wealth that backs the money.

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1   Bellingham Bill   2013 Dec 16, 3:30am  

Japan's age 25-54 population is going to fall by 40% (from the 2000 peak) by 2040, too.

Quite a curious puzzle, that debt.

They need the yen at 200 to just get down to our level of debt.

But like us, what the debt really is is just unwise tax cuts, turning tax revenue into bond revenue for the gov't (gov't bonds are basically a mechanism for wealthy taxpayers to buy down their future tax burden).

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