Episode 293 - What Goes Up, Part 4

History of Japan

Isaac Meyer

Japan, History, Japanese

4.8 • 744 Ratings

🗓️ 14 June 2019

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, it all starts to come crumbling down. Japan is plagued by scandals that destroy public confidence at the system right as some begin to look around and say, "hey, does this all seem a bit unsustainable or is it just me?"

It's not just them.

Transcript

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0:00.0	This week's episode is brought to you by Audible.
0:03.3	Audible has over 425,000 of titles to choose from, all compatible with iPhone, Android,
0:10.3	Kindle, or your MP3 player of choice.
0:13.7	For listeners of the show, Audible is offering a free 30-day trial membership, complete with
0:18.1	credit for a free audiobook of your choice.
0:21.1	You can cancel any time and keep the free book or keep going with one of Audible subscription
0:25.5	offers.
0:26.9	Go to audibletrial.com slash Japan to claim your offer.
0:30.8	This week, I'm going to recommend The Big Short by Michael Lewis.
0:35.2	It's a really fascinating look at the 2008 financial crisis in the U.S.,
0:39.3	which, if you're listening to this specific mini-series,
0:42.2	probably have some interest in.
0:44.5	I will admit, I am not an economics person.
0:47.0	I had to spend a lot of time learning these concepts to feel confident,
0:51.0	even approaching them at all for this podcast.
0:53.7	But I found this book really engaging and really interesting, and I think you will too.
0:58.7	Go to audiblechild.com slash Japan to claim your copy. Hello and welcome to the history of Japan podcast, Episode 293, What Goes Up, Part 4.
1:26.9	Economic bubbles are a funny thing.
1:29.5	They always seem obvious, in retrospect.
1:32.3	With the benefit of hindsight, it's easy to conclude, say, America's real estate market was vastly overheated in 2008,
1:39.9	or that Dutch tulip futures from 1637 to 1638 had increased in value by a truly ludicrous amount.
1:47.0	This is a thing that actually happened. Look it up.
	...

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