Record Low U.S. Birth Rate Parallels Japan

Fewer babies born per capita are pushing the U.S. toward zero population growth.  This began happening in Japan around the time it moved from an era of rising prices to one of price stability or very mild deflation, despite repeated “quantitative easing” by the Bank of Japan.  Bloomberg reports (LINK):

Recession Left Baby Bust as [...]


Happy Fourth

I’d like to get at today’s quintessentially American holiday by first quoting a half-American prime minister of Great Britain on another perilous “4th”.  The date was June 4, 1940, and followed the nearly miraculous evacuation of 338,000 troops from Dunkirk.  This rescue averted an even worse disaster than that which was occurring, and Winston Churchill gave an update [...]