Andy Xie writes yesterday about the impact an aging population has on an economy, using Japan as the study case. In this article, he describes the point-of-view (POV) decisions people make. In other words, seniors have a POV that will be different than that of someone two generations younger. The impact will have economic implications that simply cannot be swayed when the numbers of people in the less productive older labor population are greater than the younger and physically productive working labor population. Most of his article addresses issues building over many years. The title of his article is "Our Next Economic Plague: Japan Disease" and includes a brief critique of Keynesianism because it is being promoted in Japan too. He says "Keynesianism is a prescription for a short-term economic hiccup. It's like a painkiller, not a cure. It tries to minimize output loss during a down cycle. It doesn't mean much for an economy in the long run. Without Keynesian stimulus, an economy is supposed to adjust properly. Using Keynesianism to explain or cure long term economic problems is just plain wrong." Using Keynesian theory makes for good policy when politicians are running for re-election, and after the election they can resume partisan games that produce token repairs to the damage brought on by Keynesian policies, like unlimited government borrowing and money printing.