Counsel of Chalcedon
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The Case for America's Future

When we look at the economics of the Social Security System, which went into deficit mode in 2010, we can see that we are facing what I have called Retirement Armageddon. But that’s not the whole story. Default by the Federal government is not the same thing as the collapse of the United States.

It is easy to make a case for east Asia’s economic success, but only over the next two decades. East Asia’s economies are growing because their economies are being freed by decisions by politicians to reduce government regulations. But they all have two major problems: (1) the extreme boy/girl birth ratio of at least 120 to 100; (2) the threat of a rapidly aging population after 2025 or 2030. Economist Nick Eberstadt has been writing about this for a decade.