People That Don't Work

 I was reading an article about a month ago.....which went to the subject of how many Americans are in the prime-age group of 18-to-45 year old folks....but don't work.  Their estimate?  Around 3-million able-bodied people simply don't work anymore.  

Reasons given?  Drugs, alcohol, lack of respect for past work efforts, pay-scale at the same level as welfare, lost desires.  

It's been on my mind.  The numbers given?  There's zero scientific data to work with.  So I'm of the mind it could be this number....it could be even more.

Who sponsors these people?  Well....mom and dad usually.  

How long can this type of situation carry on?  That's the problem I'd worry about.  

When you have a 35-year old loser in the house, and both parents pass on....then what?  This part of the story is left to you....to wonder about.  

Five Books I Recommend Over 1929, The Era Prior, And The Crash

 1.  Manias, Panics and Crashes (Aliber, 2015)

2.  A Rabble of Dead Money (Morris, 2018)

3.  The Forgotten Man (Shales, 2009)

4.  Once in Golconda (Brooks, 2014)

5.  Bubble in the Sun (Knowleton, 2020)

Having watched a fair amount of analysis in the past two weeks....I'll just say that virtually no one has a understanding of how 1929 came to occur, and how we lingered for a decade after that...unable to proceed.  

What Is Gell-Mann Amnesia?

 In simple terms....you watched a 10-minute segment on Fox or MSNBC or CNN....and by the end....you as an expert on business, look at the business report presented....then realize that the journalist involved...knows nothing much over the topic presented.

It works in football.

It works in politics.

It works in corruption.

It works in crime.

It works in stock analysis.

It works in technology.

It works in religion.

It works in Covid.

It works in healthcare.

The second part of the Gell-Mann Amnesia...is that you tend to over look page 2, which relates an entirely different story, but might have the same exact traits (a planted fake story).

I should note here....it was a physicist who created the concept....not a journalist.