Is it possible for every individual in the by Dr. Robert Murphy

Question 50 / 96: 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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https://www.jobilize.com/capitalism-the-market-economy-by-dr-robert-murphy-mises

Capitalism: The Market Economy

Access: Public Peer Review

Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

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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