North Carolina State University Professor (Emeritus) Mike Walden is known for explaining complex issues in ways understandable to the general reader. That is unusual among scholars. Three “economic thrillers” written by Professor Walden and his wife M.E. Whitman Walden, Micro Mayhem (2006), Macro Mayhem (2006) and Fiscal Fiasco (2014), show how they do it.

Professor Walden just posted a short, down-to-earth piece, “You Decide: Should We Worry About The Declining Birth Rate?” He is writing not as an advocate, but simply raises relevant points. In a few succinct sentences he distills the falling fertility conundrum to its essence, citing four reasons why Americans are having fewer children these days:

Individualism

[An] increase in individualism, particularly among young people. The notion is that many young people have made their career and personal satisfaction top priorities, hence reducing their interest in having and raising children.

Radical individualism stems from the Age of Reason’s man-centered ethos. Frankfurt School-infused postwar hubris amplified that, fostering the self-absorbed “Me” generation of now-ageing baby boomers.

The late Tom Wolfe, a quintessential chronicler of American popular culture, dubbed the 1970s the “Me decade”. Social critic Christopher Lasch followed with The Culture of Narcissism: American Life in an Age of Diminishing Expectations (1979). Triumphalist rhetoric about “The Greatest Generation” helped “Me” generation boomers feel even better about themselves.

This ego-centered ethos has been passed on to Generation X (1965-80), Millennials (1981-96) and Zoomers (1997-2012). “Personal fulfilment” and “self-actualisation” are all the rage. Without getting into the weeds about all that, Professor Walden nails it: “[M]any young people have made their career and personal satisfaction top priorities.”

Priorities indeed. The work, sacrifice and inconvenience of rearing children don’t jive with egotistical priorities. Fewer children are what happens when people see themselves as stand-alone forces of nature fixated on temporal “success”. Solipsism morphs into sociopathy. This zero-sum thinking begets a dog-eat-dog world. Gotta stay competitive. 

Tight money

[T]he rising cost of raising children... The federal government… estimates the cost of raising a child to age 17, and the current amount is $233,000.

The high cost of rearing children is the impediment to family life most often cited in legacy media. It is huge. There are multiple causes, none of which will likely be remediated any time soon. Globalist mammon-worship is today’s zeitgeist. Those ideally situated to correct this – government, big business and big “education” – thrive on the system at the expense of family life, which cannot be monetarily quantified.

The $233,000 figure Dr Walden cited increased before it was published. Why? Fractional reserve banking and fiat money. The US’s $35 trillion national debt, out-of-control “entitlement” spending and wars without end have been eroding the American standard of living for decades. This has a global impact, especially on the empire’s client states. Monetising the debt and inflating our way out of things is not sustainable. An economic collapse, gradual or precipitous, will force a re-examination of personal priorities. Hope it doesn’t come to that. 

Ageing

With life spans increasing, some young families may perceive a tradeoff between devoting time and money to raising children, or using those resources to care for aging parents. If they can’t do both, then a choice has to be made.

Tradeoff? Looking out for elderly family members is a familial duty as old as time. So we’re choosing between continuing the family or caring for the elderly? Sadly, this is how many young people, squeezed to the bone by a predatory FIRE (Finance, Insurance, Real Estate) economy, are seeing things. This economically cannibalises families. Evil. Let us reclaim our humanity and resist.