“The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.”
William Vickrey
Tags: Ability | Accumulate | Assets | Debt | Desire | Government | Great | Increase | Larger | Longevity | Need | Private | Produce | Produced | Retirement | Sector | Surge
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William Vickrey
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The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.
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