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Politics : Politics for Pros- moderated
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To: neolib who wrote (127978)7/27/2005 10:33:01 PM
From: Peter Dierks  Read Replies (1) of 793914
 
When I started this line, I was discussing the growth of the key demographic in China. In the US the most economically productive period of ones life is supposed to be 30 to 45 (plus 1 year per decade indexed from 1980). Without seeing current demographics of China, I have to rely on a few years out of date data, but that was indicative of a booming economy through 2030 and beyond.

"Hanging one's hopes on population growth is a ponzi scheme."

Except that when the key demographic of 35 to 45 as a large number of people, economies always seem to boom.

"there is no reason not to be productive later in life,"

Except that once the kids are out of the house people stop spending their last dollar. The velocity of money decreases. Basic banking economics teaches that money supply tells us nothing until you know the velocity of money. Few revolutions causes contractions in the economy.
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