#pretense to knowledge

[jimrosenz]

William Easterly: Freedom as a Solution to Poverty

[jimrosenz]

Many people are far too smart to save for their retirements

Many people are far too smart to save for their retirements

Which is better? Save for your retirement through the share market or save to own your own home and then present yourself at the local social security office to collect your taxpayer funded old-age pension?

Under this fine game of bluff, you bleed the taxpayer in your old age and then pass on your debt-free home to your children.

This strategy is rational for the less well-paid. The family home…

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