There was much ado on the national news last night about the fact that the birth rate in the U.S. has ticked slightly higher, to 2.1 children per female. It was explained that “economists” see this as a good thing, because we need more younger people to support the older generation in retirement, alleviating (at least slightly) some of the huge projected social security / medicare deficit.
It never to ceases to amaze me that “economists” can’t look far enough down the road and question what will happen if we keep “growing” the economy in this way. It’s because they don’t understand that a smaller population will actually benefit the economy through improved per capita consumption. In the meantime, slightly higher taxes and tariffs on over-populated nations is all that’s needed to eliminate the projected ss/medicare shortfall.