Hey everyone,
Today someone told me about how Japan supposedly was where the US is at now (in terms of spending/GDP/tax-income ratio) 20 years ago (and is still hanging in there somehow). Does anyone know more about that (or can anyone recommend some good articles on that?The discussion originally was about how long it might take for the US to actually go into crisis-mode and his argument was that it will take at least another 20 years, cause Japan was alreay at the same point as the US is now 20 years ago and still exist without major deflation or crisis, so that's kind of why I'm curious about it, so if anyone that can help or point me to some good sources, I'd really appreciate that, thanks