I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.
Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)
FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.
