The Post Pushes More Demographic Fears

The Washington Post seems obssessed with pushing stories that old people will bankrupt the world. It had another front page article today warning that aging populations threaten disaster.

Among the lines in the article we are told that:

"China (1.5) is racing to get rich before it becomes old [The "1.5" refers to the birth rate per woman]."

It is difficult to see much of a race. China's rate of annual productivity growth has been close to 8 percent over the last three decades. This means...