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All systems work this way. Even systems where you do it all yourself -- invest while you work and withdraw when you retire. A 2026 dollar and a 2046 dollar a
by bryanlarsen 2mo ago
All systems work this way. Even systems where you do it all yourself -- invest while you work and withdraw when you retire.
A 2026 dollar and a 2046 dollar are different things. A dollar is a share claim on the productive capacity of a nation. If a nation has less productive capacity because few people had children, that dollar is worth less.
- IAmBroom 2mo agoThe comment you are replying to doesn't concern inflation and GDP. It simply states the system is ill-planned.
- bryanlarsen 2mo agoThat statement implies that there is a system that is better. There isn't.