Doug wrote: >> In other words, the allocation of funds in the >> present. A society as a whole can't save for the >> future the way individuals can. Yes, we've >> largely pissed away the proceeds of the borrowing, >> and probably reduced future incomes as a result. >> But that doesn't change the fact that the benefits >> will have to be paid out of future incomes, not >> today's savings.
Me: >> exactly. Julio Huato wrote: > Guys, > > We need to see beneath the veil of money. exactly. I don't see how the rest of Julio's missive disagrees with what Doug and I said. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
