[quote=Arraya]Brian, that sounds nice and all, but it rests on monumental assumptions. If these assumptions do not come to fruition, ends in disaster.[/quote]
Arraya: Which is pretty much the point here, isn’t it? A lot of monumental assumptions have been tossed out there and are now being utterly repudiated. The most dangerous of all these has been the fiction offered by European states that you can continue pensions, benefits, increasing worker wages and do so with a shrinking tax base and an ever larger government. That balloon is going to pop with a really loud bang.