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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: Proposal to end public pensions||Date: 7/12/2013 9:39 AM|
|Author: Dwdonhoff||Number: 428560 of 446942|
Because the "print money" option is a last resort--not an ongoing operation.
Why "last resort"? Our government doesn't seem to be shy about the so-called 'Quantitative Easing" (schnortle for 'printing money') at all... so why do you say 'last resort' as though its a bad thing?
The real problem is basing pay on productivity. Extremely high productivity means far less need for labor to do paid work. So more and more people are not needed in the workforce. So, what do they do to earn money? There are no jobs--literally. The economy as a whole has to change.
Flip that quandary upside down; Too much work, not enough humans... and consider how society deals with it.
The answer is; Its not the economy, its the population size... and society *IS* dealing with it... we're breeding less & less.
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