Quote from Scataphagos:
Tonight on 20/20, they had a story about "economic reset"... accepting a more simple and less financially extravagant life.
Some will come to appreciate aspects of that, but the bottom line to the economy is..
1. MUCH slower economic pace all around
2. Greater unemployment... which is structural.
3. The government on all levels will be looked to for assistance.... meaning more people trying to receive financial assistance and more government employees required to administer assistance programs.
4. Government on all levels will become too large for the private sector to support... with extreme consequences.