tag:blogger.com,1999:blog-2761684730989137546.post2943054937553932021..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Bill Mitchell — Degrowth, deep adaptation, and skills shortages – Part 4mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-57290877786924757482022-11-01T08:59:57.567-04:002022-11-01T08:59:57.567-04:00“ with fewer people of working age left to produce...“ with fewer people of working age left to produce for an increasing number of people who no longer work.”<br /><br />ZIRP diverts the current tax revenues to people who no longer work to make up for deficiency in the pension funds…<br /><br />The higher rates will correct this …higher interest income can go to the pension funds then current tax revenues can be used to increase compensation to people still working…Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com