
Is Liz Truss the leader of a Doomsday Cult?
The David McWilliams Podcast
00:00
The Problem With Aggregate Consumption
The problem with aggregate consumption is that it doesn't take into account con savins ratios. Ireland has a very, very young population and consumes much less health products then normal populations. The bizarre thing about ireland is the following: our old population relative to our young population is very, very small. So we consume even less helt. On the one hand, we consume less health cause we're younger. We consume less health because we are much less older. And the bizarre thing, irish people save lot. Our savings, we saved 19 % of our income, and the european averageis 14%.
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