Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Japanese Reflection (1 of 4)

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I’ve been pleasantly surprised that some of my most popular posts are excerpts from the only history book I ever wrote, Panic, Prosperity, and Progress. Over this holiday weekend, I’ll be sharing, over the course of four days, the chapter dedicated to the inflation and bursting of the Japanese bubble of the 1980s. I think you’ll find some interesting parallels with China.

As the summer came to a close in 1945, Japan lay in ruins. It had spent the past five years at war, and the nation had been assaulted by an unrelenting fire-bombing campaign, climaxed, of course, by the only two nuclear weapons ever dropped on humans in world history. Japan, once with dreams of Pacific-wide domination, was now one of the poorest and most-devastated nations on Earth.