Implode-o-Meter News - Lessons from Japan: Decades of Decay, Unavoidable Collapse

Not only are some problems immune to printing/borrowing more money, the reliance on printing/borrowing vast sums of money year after year creates a new set of intractable problems. Just to give one example of many: over 80% of Japan's farmers are over 60 years of age and are poised to retire in the next decade. Printing money hasn't printed new young eager farmers, nor has it changed the perverse incentives and political imbalances that are exacerbating the problem.
Decades of borrowing money in a futile attempt to avoid structural reforms has crippled Japan's fiscal future. Even at effectively zero rates of bond yields, Japan now spends roughly a quarter of its government budget on debt service--and servicing of existing debt now consumes 41% of all tax revenues.

Relevant:

Lessons from Japan: Decades of Decay, Unavoidable Collapse