Now that the FED has cut short-term interest rates by 75 basis points, what needs to happen to avoid a market collapse?
We just need to have the confidence to continue to work, spend and invest.
What-if we are all guaranteed healthcare? Who pays for it and how do we avoid abusing it?
What-if we are all guaranteed a certain retirment package? Again, who pays for it and how do we insure it's long-term viability?
What-if a lot of us want to continue to be productive past age 65?
What-if the world economy can produce more than we need? What-if we save and/or invest that excess in additional productive assets? What-if the compounding mechanism multiplies that excess to prosperity beyond our wildest dreams, such that those assets can support the world population? What would we do then with our time and energy?
Then we could focus our time and energy on helping each other and on preserving the resources of our planet.
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