The Mess That Greenspan Made: Not what it appears to be

Not what it appears to be

Tuesday, May 26, 2009

A little humor from Mike Keefe of the Denver Post via Time Magazine. Can you imagine what this little village will look like in another 10 or 20 years? Not even the cats are real?

2 comments:

Anonymous said...: Hello Tim,

Just thinking about things. Aren't savings to a degree some kind of falacy anyway?

How could we store wealth in a meaniful fasion for that many people? While there are realtive levels of money saved; the more savings (or less debt) we have the more goods will be in demand if we are looking at population drops or leveling.

The planning for SS/medicare/ retirement on a national level is more about education and traning doctors, equipment and drug manufacturing exc.

As for paying for stuff, we are getting lost in the monetary aspects vs real considerations a lot. Though at the moment, monetary concerns are overwhelming us.

That is my primary thought on this. While the money concerns about SS/Medicare are big problems; real potential resource constraints, such as drug companies dropping dead and not having enough scientists/engineers/technical managers/ exc; those are bigger more substantial problems. They are being exagerated by the feds games as well. More people going into non-productive issues.

Perhaps the government will get the picture at some point that prices will force up or down and they can't do a darn thing about it.

I do think for long term trends the US will be on its ass for a while. Companies going under and such. But its setting the stage for a future boom.

Thanks
James/LAEF2; May 26, 2009 11:46 AM
Tim said...: Savings are not a fallacy, at least not on an individual basis. Social security and other gov't programs are an entirely different matter where things are less clear, as you've stated.; May 26, 2009 2:13 PM

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