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TIL - The Japanese economy postwar ran on wartime logic turned towards consumer goods, thanks to "window guidance"
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Window guidance - essentially, the central bank increases or limits credit for certain sectors in order to incentivize their growth.
Learned from watching this documentary -
(yt link) - , so if anyone knows if any information is wrong or misleading, please tell me so :)Other stuff the doc mentions is that the late 1980s Japanese economic crisis was caused on purpose by the Ministry of Finance, through the Bank of Japan, by enforcing all banks to reach minimal loan quotas; all of that in order to force structural changes to the finance system, as without a crisis, there is "no reason to change the structure"
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TIL in 1896 a rubber tire company built an eleven-foot tall, 1,500 pound tricycle, powered by eight men to advertise its products.
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TIL about the railroad speeder which is a small railcar used around the world by track inspectors and work crews to move quickly to and from work sites.
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