Minor quibble on the otherwise excellent fiat money discussion: Said move by the Chinese would also destroy their OWN economy. They’ve used much fiat dollars to buy US natural resources and real estate over the years.
In other words, the US is paying Chinese with its own natural resources and real estate. As opposed to “economically dying” Germany which is paying Chinese with its industrial products. Now, which country should I bet on in the long run…
On the TFR discussion, as usual, we don’t agree. Communism did it’s best to industrialize Poland and destroy distributed private agricultural economics. They did better at the latter than the former. After the wall fell, things were an economic disaster and it’s been hard for anybody to raise children. In case you missed it, communist economic policies are hardly the result of catholic theocracy…
Let’s have a look at data, shall we? Black line is the number of births, pink line is deaths, in thousands:
http://www.dziecigwiazd.pl/fm/upload/sty2012/luty/kNTU0MDI1ODksODEwMDU4fwykres_3.jpg
As you can see, Poland was doing just fine demographically under the evil commies. The demographic decline started with independence – explain how the commies are to blame for that. Bonus points if you can spot the abortion ban on this graph.
Now, let’s have a look at GDP per capita:
As you can see, the commies did cause a deep crisis around 1980 – paradoxically though, the birth rate during this crisis was high. This crisis lead to hyperinflation in late 1980s. However, the deepest crisis started in 1990, i.e.
after the commies lost power on June 4,1989. It was caused by the new economic policy, which the new Polish government enacted under the instructions from the IMF. Long story short, the late commie economy had a hyperinflation and liquidity crisis, but it had a lot of assets and full employment. The IMF gave the Polish gov’t emergency loan (to provide the much needed liquidity), but required (1) a massive sell off of state assets (i.e. selling companies to their direct western competitors) and (2) stabilization of currency using a plan developed by Jeffrey Sachs (to Sach’s credit, 20 years later he denounced his own policy as incorrect). The currency stabilized, but at the cost of destroying industrial base on a scale comparable to a nuclear war. The result was mass unemployment:
The difference between the 1980 crisis and the 1990 crisis was that the 1980 crisis was accompanied by full employment (a direct result of communist economy), while the 1990 crisis was accompanied by mass unemployment (that true wonder of capitalism). So people reproduced just fine during the 1980 crisis, but stopped reproducing after the 1990 crisis.
And this brings us back to demographic issues. As you should have already noticed from the graphs, the 1980 cohort should have started reproducing about 2000 – however, it did not. Now observe that in 2000 and following years, you have 20% unemployment, and that usually means over 50% youth (under 35) unemployment. The unemployment rate started dropping in 2004 – and 2004 is when Poland joined the European Union and mass emigration to UK started. In other words, unemployment has only dropped because the young people have emigrated to the UK.
So, to rehash: Sachs plan → destruction of industrial base → mass unemployment → hands-off economic policy for the next 20 years → no children & mass emigration of young people → demographic disaster.
All that under the loving pastoral care of the Church openly supporting politicians directly responsible for the whole disaster. But hey, these guys are pro-life – and you should always vote for a pro-life candidate, remember
You can’t seriously be arguing that Polish people come to England and say “Whesh! What a breath of fresh air! We can divorce on a whim, abort and contracept all we want, marry those of the same sex and get euthanized when we’re terribly sick. Let’s celebrate and make some babies!”
A lot of people on the board (yourself included) are arguing that Europe is dying out due to massive contraception and abortion. As acceptance of these things is negatively correlated with Catholicism, you’d expect that the more Catholic countries should have higher TFRs, and the more secular countries should have lower TFRs. In reality, the opposite is true. Here, have a map:
With the exception of Ireland, strongly Catholic countries (PL, SK, AT, IT, ES, PT) have very low TFRs (1.3-1.5), while the “culture of death” countries have TFR 1.8 and above. Who’s dying out, again?