Inflation
This is the older people’s contribution to the deficit and balooning SS and Medicare costs: Their savings get inflated away. The young people pay the other half, in inflated dollars. The big joke is on the bond-holding Chinese.
This is the older people’s contribution to the deficit and balooning SS and Medicare costs: Their savings get inflated away. The young people pay the other half, in inflated dollars. The big joke is on the bond-holding Chinese.