Paul Phillips writes:>Was it not Keynes that pointed out that you can not 'save up' for retirement pensions?<
yes, but if the saving corresponds to (real) investment in factories, a clean environment, infrastructure, etc., the latter can raise labor productivity, allowing future workers to easily pay for old farts such as myself when/if I retire. Of course, Keynes was absolutely right that increasing saving doesn't automatically increase investment. Jim Devine
