Aging Is a Drag

(1) The most worrisome scenario is still very unlikely. (2) Not enough inflation to call it “stagflation.” (3) The laws of demography. (4) A Chinese proverb, the Rolling Stones, and Dolly Parton. (5) More elders, fewer babies. (6) Living longer with maybe more years of infirmity, and unpredictable out-of-pocket health care costs. (7) Fertility at record low. (8) Economic studies finding significant demographic drag on economy. (9) Brain drain bad for productivity. (10) Depressingly low interest income.