Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
The fact that social insurance pensions are always only a redistribution of current production among current consumers means that inflation makes social insurance look more effective than financial savings for retirement funding ~ and that is also bad for those who get a slice of financial savings for retirement, but no slice of social insurance pensions.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Apr 13th, 2011 at 02:06:28 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

A Swedish government appears

by fjallstrom - Jan 16
6 comments

What happens now?

by IdiotSavant - Jan 15
66 comments

Too little, too late

by Frank Schnittger - Jan 12
83 comments

A TITANIC success

by Frank Schnittger - Jan 7
36 comments

Perils of a No Deal BrExit

by Oui - Jan 7
109 comments

Review of 2018

by Frank Schnittger - Dec 26
43 comments

Occasional Series