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Destroying private pension plans is not impossible if the pension plans in question are replaced by sufficiently good public pensions. Just as destroying the public pension plans was not impossible because they were replaced by (the mirage of) sufficiently good private pension plans.

Lack of a common currency is incompatible with the current German industrial system, because lack of a common currency means that Germany cannot get anybody else to pay the cost of maintaining Germany's dead-end economic policies.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed May 8th, 2013 at 01:56:03 PM EST
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