Blog 10. Economics and Carrots and Social Security

Political arguments.

Political arguments whirl regarding the solvency of Social Security, the enduring recession, the inability of congress to pass a budget, and the monetary loans intended to postpone the collapse of Spain and Greece.  The arguments don’t address the sisgnificant question.  In the absence of war or pestilence, why do economic systems collapse even though the physical methods to produce food, clothing, and shelter exist unchanged?

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