So his latest pensions insistence:
What we need to do to get the rest of the pension equation right is to recognise that current pension contributions must be used to create capital value within society to meet the needs of future generations — at the same time as the needs of current pensioners are met from the depletion of the capital stock they left to those currently in work.
Which means those in work saving for their pensions have to buy those assets the oldsters saved for their pensions in. The majority of pensions savings is buying those second hand bits of paper. Because that’s how those drawing pensions are able to eat their capital.
But his demand is that folk should not save in second hand bits of paper. Which means there are no buyers for them. Which means the old starve.
Man’s a buffoon.