Since the Great Society programs started, we have provided profound disincentives to people on the right-hand side of the bell curve to have children while simultaneously creating large incentives for people on the left side of that curve. It’s the people on the right side of those curves that end up being successful and therefore paying taxes, and, as a result, they're the ones that drive the economy. This week on Retirement Lifestyle Advocates radio, our guest Karl Denninger talks with your host Dennis Tubbergen about how these programs are culminating in what Denninger calls a Demographic Disaster.
Mr. Karl Denninger is an American technology businessman, finance blogger, author, and political activist, sometimes referred to as a founding member of the Tea Party movement. Mr. Denninger is the author of the book Leverage: How Cheap Money Will Destroy the World. In the book, Denninger presents an inside look at how moneyed and powerful interests debase the dollar through the willful and intentional failure to honestly represent short and long-term mathematical truths that underlie all economic systems.
For information about Karl Denninger, please visit www.Market-Ticker.org.