Blogger is at a rally in favor of American foreign policy, including regime change in Iraq ( Fall 2003 ).
Karen Loberg (Ventura Star) took the picture. It made the front page. He was famous for a day.
Blogger is at a rally in favor of American foreign policy, including regime change in Iraq ( Fall 2003 ).
Karen Loberg (Ventura Star) took the picture. It made the front page. He was famous for a day.
THE BLOG |
PENSIONS SHOULD BEGIN AT
AGE 55 Is it possible to step back away from a monetary view of pensions and retirement -- in order to think of the logistical facts: what must be supplied by the working generation, by way of food, care, shelter, etc., to their retired parents -- for whom, in fact, there are no real jobs, anyway? To this picture we need to add the potential supply of necessities to pensioners by automated systems, robots, etc. If we come up short logistically, there is no way to meet pensioners' needs with money alone. If money were injected into the system, it would all be absorbed by inflation. So, the money system is only useful if it stimulates the logistical system to produce more output of real needs. Conversely, it may be that money is needed to stimulate production for BOTH current consumption and current building of automated systems for future production. Problems arise when production is increased and there is insufficient money to buy it. This is where a Keynesian demand management system becomes necessary. Normally, this problem exists only in the very advanced industrial nations, like Japan, the USA, Germany and other European exporters. So, it seems to me, that all nations who suffer from logistical shortages need to physically engineer their way past their deficiencies in automation, robotics, and other mean to outproduce scarcity. All nations who suffer from irrational shortages of monetized demand, like the USA, need to break the power of politicians, banks and academics, to obfuscate all real economic questions. Theirs is a problem of "religion" not engineering. They have the wrong religion. And they seem to want it that way now and forever. |
