Wednesday, February 25, 2015

The Retirement DEMAND LEAKAGES Will Continue To Grow, Until Aggregate Demand Picks Up

   (Commentary posted by Roger Erickson)

These people are all missing the point?

The retirement Demand Leakages will continue to grow, until Aggregate Demand picks up. ... Doh!

THE problem? (There's only one?)

THE solution? (Really, Tina? There is no alternative?)

Or, is "retirement" a trick question?

Haven't these people ever heard that no plan survives contact with reality, and that the best way to proceed is to Never Tell People HOW to do things? There is never just one way, and the eventual, most adaptive route is always a total surprise.

Otherwise evolution wouldn't have taken this long to occur.

Even chemists eventually learn that it takes oxy + morons to create Luddites capable of really gumming up the works. Natural selection means that at least a few of even highly social rats will eventually abandon a sinking ship, instead of going down en masse.

And here I thought that the successive, asynchronous generations in our social species WERE both a way to optimize our aggregate demand AND save it for prior generations too! Such an ingenious solution available from the start, but maybe we're not smart enough to grasp that yet? We're certainly not scaling up the same principle, from families to our citizenry.

So what, exactly, IS the definition of intelligence, and why isn't it increasing with increasing population size? What good is a growing network if TINA can't connect the newly emerging dots?


paulmeli said...

"So what, exactly, IS the definition of intelligence"

I don't know but intelligence without curiosity is useless.

A mind is a terrible thing to waste.

Roger Erickson said...

Especially a Group Mind. i.e., a culture

Roger Erickson said...

this just ain't cutting it


Better Markets ‏@Bettermarkets
"What did Obama do this week? Keep $17 billion in retirement accounts from moving into brokers' pockets"


Yes, being robbed twice is worse than being robbed once.

Yet by clamoring for the 1st robbery over the 2nd, the finance lobby has us picketing for our Demand Leakages! (the first robbery)

it's just bitterly tragic*

there's gotta be a way to escape from this social checkmate

"While boasting of our noble deeds we're careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery."
- Horace Greeley

* If we allowed Soc-Sec to be functional, who would need retirement accounts?
Instead, we could fully invest in our kids & students.

What kind of misguided, lost soul tries to "save" fiat?
That's the same thing as sitting on Public Initiative.
What happened to the parable of putting initiative to work, instead of sitting on it?