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Comment by FeepingCreature

7 hours ago

Japan in living memory, I believe? I'm not a history buff. Google should have many examples.

The Japanese economy is not, in any sense, destroyed. It doesn't get the infinite exponential growth unhinged economists want, but life on the ground is stable, wealth inequality is low, cost of living is low, average quality of life is very high. It is the perfect counterexample to the doctrine of chasing line go up.