There is also a need to protect our pension savings, which are now heavily invested in private equity.

And, collectively, that delusion boosts our savings, and thus our capital stock, which on turn boosts all of our wages and salaries as well.

And politicians call on us continually to draw down more debt, to draw down our own savings even further, just so that we can get the show back on the road, so we can keep this growth based economy going.