"Low interest rates: The ultra-low interest rates seen in r…
"Low interest rates: The ultra-low interest rates seen in recent years are the product of the authorities’ attempt to prop up capitalism when it has over reached rather than allowing creative destruction."
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"As such we artificially, and inadvertently, propped up the value of assets that the older generation are much more likely to own. Free markets would likely have now seen higher interest rates, less debt and lower asset prices."
"Even if some in the older generation wish to exercise their right to remain self-interested, they should still accept a simple fact. They wish to retire into an economy that supports their pension, healthcare, and wellbeing."
"Yet declining demographics means younger people will have to support an increasing number of older people. Thus, the older generation is entirely reliant on the goodwill of young people"
-Konzept # 19: What we must do to rebuild