The state. Is our physical economy not capable of taking care of old people? The monetary economy and real economy are less delinked than the populists think,

The state. Is our physical economy not capable of taking care of old people? The monetary economy and real economy are less delinked than the populists think, but sometimes....c'mon people. If we can't pay for our old people what does that mean? Saving the money for later is an abstraction, we are not literally stockpiling canned food and adult diapers. Ultimately if there is is a problem taking care of retirees, it is because we continue to let this ridiculous healthcare system exist. And honestly, I am not sure that is actually a limiting factor, or just a stupidity. Frankly, as a huge net importer there are very few clear material limits --- port of LA problems have more to do with rate of change or imports than absolute amount. China, Germany, S. Korea, etc. could just stop exporting to us and all hell would break loose here, but it would be pretty weird there too. Back to retirees. Let's not beancount our way to poverty. To paraphrase Keynes, if we can do it, we can afford it. On the flip side, if don't do it, then we will loose what capacity we had in that area.