Скачать или смотреть [Ep.5] Wrong Economics, Misguided Policies — Why Japan's Rescue Became a 30-Year Downfall

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🎧 Podcast-like Guide to Public Money - Episode 5

🎙️About This Episode:
What if the very economics meant to rescue nations ends up destroying them?
Japan’s 30-year stagnation reveals how mainstream theories — from Keynesian demand management to neoclassical market reforms — led the world astray.
In this episode, we explore how “rescue” policies based on neoclassical and Keynesian thinking deepened Japan’s crisis, exposing the global flaws in debt-based money systems.
Based on "Chapter 5: Collapse of the Mainstream Economics" (Book Info below).

⏰ Topics in This Episode:
00:00 Textbook Solutions Didn't Produce Textbook Results (The Puzzle)
02:27 The Two Mainstream Economics: Neoclassical & Keynesian
04:07 The Flawed Assumptions of Neoclassical General Equilibrium Models
05:26 Market Fundamentalism: The Doctrine of Structural Reform
06:13 Who Pushed This Ideology? The Role of Banking Interests
07:45 A Supply-Side Mistake: Why Japan's Structural Reform Made the Problem Worse
08:38 The Alternative View: Collapse in Demand & Wage Stagnation
09:40 Debunking “Inefficiency & Demographics” Narrative as Root Causes
11:06 Keynesian Theory Fails: The Fatal Flaw of Exogenous Money
13:46 Why Everyone Must Go Into Debt for the System to Work
15:11 The GDP Gap: A Problem That Doesn't Really Exist
17:42 The Fiscal Policy Paradox & The "Crowding Out" Myth
21:22 The Zero Interest Rate Problem: Why Cheap Money Policy Didn't Work
22:50 The Idea Behind Massive QE (Fisher’s Reflation)
25:09 The Two Assumptions That Doomed QE (Quantity Theory of Money)
25:46 Factor 1: The Money Multiplier (M) Breaks Down
26:47 Factor 2: The Velocity of Money (V) Tanks
28:04 Monetarist Error: Confusing Identity with Policy Equation
30:03 Rethinking the GDP Gap: Investment Creates Savings (The Endogenous Flip)
32:01 GDP Impact: Private (49%) vs. Government Debt (11%) Effectiveness
34:23 The Net Result: Fiscal Spending Only Offset Private Drag
36:43 Why Both Economic Schools Failed & The Path Forward
38:54 The Challenging Question That Should Worry Everyone

📘 Book Information (Audio Guide Source):
Public Money: The Systems Solution to End National Debt, Banking Crisis, Built-In Inequality, Inflation and Control by CBDC.
By Kaoru Yamaguchi and Yokei Yamaguchi, published by Springer in 2025.
https://doi.org/10.1007/978-981-97-65... (Hardcover & eBook)

🌍 About This Audio Guide Series:
Imagine a world where money truly serves the people — not the other way around.
The failure of current financial system is not an accident — it’s by design and can be fixed.
In this "Public Money Audio Guide" Series, we’ll explore how a systemic reform can end national debt, recurring crisis, income inequality and financial control, while restoring public money system that truly serves society and sustain our planet.
Full Playlist:    • Public Money Audio Guides  
Start with the Book Essentials:    • Public Money - Book Essentials (Summary of...  

⚠️ Notes:
This is an educational summary of the original source book, not a verbatim reading.
Created by the book authors with NotebookLM.
Please do not quote this material as an authoritative reference.
Support the original publication by reading or citing the book.

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