• Card 52 / 100: Is it possible for every individual in the community to accumulate assets for retirement—or does one person's rising wealth translate into someone else's rising debt?

    Answer:
    Yes, everyone in principle can accumulate financial assets to fund retirement. It's not the case that one person's accumulating wealth translates into someone else's growing indebtedness. (It's true that various corporations and other entities must be on "the other side" of someone else's growing stockpile of financial claims, but this need not reflect a growing danger to the corporations, so long as they are using the loans productively.)

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Capitalism: The Market Economy

Access: Public Peer Review

Attribution:  Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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