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Politics : View from the Center and Left
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To: epicure who wrote (194272)7/18/2012 1:20:53 PM
From: Steve Lokness  Read Replies (1) of 543623
 
<<<<<it's just a look at historical cycles>>>>

Bingo! And every time a country has faced population bubbles they have entered different economic stages as that bubble ages. There is a growth spurt in the economy as the bubble becomes productive and that is followed by a period of a drain on the economy as these people age. We are just entering that draining phase now - AND it is why Krugmans are wrong. You bet, we will enter another period of productivinty and growth as the boomers die off - but that is a ways off.
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