Morning Edition had a segment with journalist Phillip Longman who told listeners that the world was suffering from having too few children [sorry, no link yet]. Longman wrongly said that European countries now have large budget deficits because they have too few workers and large pension obligations.
This is not true. European countries have large budget deficits because their economies collapsed as a result of the collapse of housing bubbles in countries like Spain, the United Kingdom, and I...
Published on October 03, 2011 02:32