Michael B. Krause

Paulson's Plan Fails to Understand the Problem; Madoff Is a Perfect Example

The baby boomers leave the young generation no choice but to (hyper)inflate. By reducing the boomers' debts in real terms, problem solved, banks suddenly are solvent. Unfortunately, the poor retirees who weren't in on the ponzi scheme will be kicking and screaming as their buying power goes to nothing. How sad.