Agreed! It would seem to me that there is something innately wrong with a system that rewards economic irresponsibility, and punishes those who work hard and save in order to get ahead.
There is one thing I have never understood in discussions of the economy, and hope someone here can explain it. The culprit in all this (the economic cycle, inflation/deflation, fiscal and economic problems, etc.) appears to be the fact that an economy, any economy, must grow in order to survive. I have never understand why that is so, but I always read that it IS so. Is it because population is growing, and if so, why can't the increase of workers just equal the increase of production necessary to support those workers?
I suspect the answer is somehow tied up with greed, and that economies always operate in ways similar to pyramid schemes, requiring new growth to pay for past expenditures, or perhaps the culprit is in the nature of man, always striving for perfection and to have more than he needs, or maybe the problem results because all economies are by nature dynamic, and if they were not growing they would be contracting, and if that is the case, why can an economy not be static?
Color me dumb, but I simply do not understand in economic terms why growth is necessary just to sustain the status quo. Ideas, anyone?
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