JAPAN NEWS AND DISCUSSION

HeathenCabin's past comments

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  HeathenCabinDec. 22, 2008 - 02:17AM JST

  Well, look what we have happening in Greece. The people have had enough with government, enough with anything to do with corrupt government. The teenager getting shot was putting fire to gasoline, pent up anger with the government literally exploded. This will be happening worldwide in more countries. Even the US.

  Posted in: Rioters clash anew with Greek police in Athens

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  HeathenCabinDec. 22, 2008 - 02:09AM JST

  Have no fear, as the Japanese government has decreed that a strong yen is not in the interest of Dear Leader Taro Aso. So Japan will keep printing with the japanese printing press, until the currency loses all value. Keep in mind most people are only looking at the value to other currencies on the world market. Other countries have also printed alot of money.

  Posted in: Japanese consumers enjoy benefits of strong yen

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  HeathenCabinDec. 12, 2008 - 09:55AM JST

  Capitalism never failed. Government central planning is what has failed, like it always does.

  Posted in: In view of the worsening global economic crisis, is capitalism a failure?

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  HeathenCabinDec. 10, 2008 - 09:26AM JST

  Parents fail at parenting. Apparently the J-gov thinks it can be a parent, what a disaster waiting to happen.

  Posted in: Gov't to boost moral education for young people

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  HeathenCabinDec. 10, 2008 - 09:00AM JST

  All of the affects of what Japan has been doing since the asset bubble has been completely idiotic. The only reason the country is afloat is because it has industry, and can produce useful products. Now it will be interesting to see how more government interference/intervention will further cause a deep depression. Japan never recovered from the first asset bubble, I doubt anything will help with the current collapse.

  Posted in: Japan's recession worse than thought

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  HeathenCabinDec. 10, 2008 - 08:55AM JST

  The expansion of credit/debt was enormous, and it leads to the government inducing the boom in the supply of credit that led to increased car sales (from the big 3) that would vanish when all the phony wealth vanished when the credit bubble started collapsing.

  Posted in: Congress sends White House auto industry bailout proposal

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  HeathenCabinDec. 09, 2008 - 05:17PM JST

  We never here of the government slashing 50,000 government employees and reducing all taxes/spending drastically.

  Posted in: Sony cutting 8,000 jobs amid global downturn

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  HeathenCabinDec. 09, 2008 - 05:10PM JST

  Either the farmers produce what the market wants at the price the market dictates, or they fail. But now we have the government that dictates what the market wants, and at which price the products are purchased. In the depression that is coming this is insanity.

  Article Unavailable

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  HeathenCabinDec. 09, 2008 - 05:05PM JST

  I'm not really sure people know how to restore economic growth in a way that will create jobs. The post-industrial cheap credit cheap imports model has been exhausted. In the process, China has accumulated some two trillion in US dollar reserves. We will be looking at them to finance our stimulus package, including an auto industry bail-out, in addition to their own, intended to stimulate domestic demand, which they will need in the wake of plummeting demand from the US market.

  The government should reduce laws/taxes/spending/size drastically and get out of the market. Let the collapse happen, get out of the way. Instead the government will continue trying to prop up companies that the market is trying to flush out, so all those workers in the auto plants can continue making products that no one wants to purchase.

  The government was and is the cause of all of these problems, what makes anyone think that the government can fix the mess it created?

  Posted in: Congress sends White House auto industry bailout proposal

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  HeathenCabinDec. 09, 2008 - 04:56PM JST

  You mean it can get more horrendous than this??? As usual on JT, people making the point that government intervention is bad for a free market economy. Well, the idea that excessive intervention and damaging policies are bad is accepted by everybody, the difference is in how you define excessive. But I fail (as usual) to see how all that is relevant to this issue. The idea that government intervention can damage a free-market economy has nothing to do with the question of what a government should do when companies have screwed themselves all on their own, and the free-market economy itself has been damaged. Not saying the "No" side is wrong, just how about some better reasons for saying no.

  Of course it can get much worse than now, and it will. Any central planning by governments cannot work, period. Government manipulation of currency/monetary policy that creates a bubble, a credit bubble through low interests rates for example(real world example). People consume stuff through credit, buying stuff that they cannot afford(houses, property, cars, etc.). Now you were saying:

  The idea that government intervention can damage a free-market economy has nothing to do with the question of what a government should do when companies have screwed themselves all on their own, and the free-market economy itself has been damaged.

  The free market, is non existent. There are many regulations and laws that interfere with the market, on top of government interference for example like bailing out banks! You think people want to invest in failing companies, then why should the taxpayer have to pay for a company that needs to fail. It is simple, do not rob Toyota/taxpayers(through taxes/regulation) to pay for GM/Washington Mutual. And it has everything to do with what a government should do when a company screws itself, which is NOTHING, let it fail!

  The fact that you think the free market has damaged itself is ludicrous! The market is correcting itself from all the insane government laws, regulations, taxation, and manipulation(loans/credit to people who cannot afford them, companies that have alot of debt). Central planning again always fails! Let the Big 3 autos die.

  Posted in: Congress sends White House auto industry bailout proposal

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  HeathenCabinDec. 09, 2008 - 11:21AM JST

  The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration. The individual is always ready to ascribe his good luck to his own efficiency and to take it as a well-deserved reward for his talent, application, and probity. But reverses of fortune he always charges to other people, and most of all to the absurdity of social and political institutions. He does not blame the authorities for having fostered the boom. He reviles them for the inevitable collapse. In the opinion of the public, more inflation and more credit expansion are the only remedy against the evils which inflation and credit expansion have brought about.

  There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

  Ludwig Von Mises

  The author rails against oversaving, champions inflating currency/credit. "Unfortunately, those countries which then turn into serious savers in the Japanese mold are really acting against the national interest by failing to boost the overall level of economic activity." This guy is nuts, saving sound currency is human nature. The government created the mess, and kept adding to the mess at hand never allowing the recovery to happen, let alone have sound currency/free market policies.

  Posted in: The Japan model is everywhere

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  HeathenCabinDec. 09, 2008 - 11:08AM JST

  It will get worse as people will not be buying any cars, on top of government subsidizing horrible companies that need to fail. Once again the government is interfering with the market, while the short term affects may look great the long term affects will be horrendous.

  Posted in: Congress sends White House auto industry bailout proposal

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  HeathenCabinDec. 09, 2008 - 10:57AM JST

  The government should not do anything, in fact the government should not interfere with anything except for drastic reductions in spending, taxes, and even regulation. The governments keep trying to stimulate spending to "bolster the economy," what a joke! The more the government interferes and manipulates paper currency/monetary policies, the greater the boom/bust cycles will become. It is only a matter of time, and for an example look at what is happening worldwide right now.

  Posted in: Japan stocks gain as Asia jumps on stimulus hopes

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