On Fri, Jun 06, 2003 at 12:05:01PM -0400, Eric Crampton wrote:
> Shouldn't we also worry about how poor people are now relative to how
> they'll be in the future? Today's poor are much better off than the poor
> from a century ago; presumably the poor a century from now will be less
> deserving than those of the present day?
Doesn't that apply to the poor person's financial decisions too? If you're
right, he should think that he or his children will be much better off
in a century, so why should he save today?