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Retirement affordability: a bigger problem than housing affordability? : Comments
By Ross Elliott, published 22/3/2017According to a 2013 OECD report, Australian's aged over 65 were second only to Korea as having the worst seniors poverty in the world.
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It is not actually myself that I'm contradicting; it's just your assumptions.
As for the rest of your point 3:
3.4 What you regard is obvious is actually simplistic crap! In fact I notice you're doing what you've falsely accuse me of:
Your technique - ignoring [benefits] of government interventions - consists only of failing to account for the same quantity on both sides of the equation = gibberish.
In this case, if you haven't worked it out yet, the other side is that the government, by paying pensions, prevents millions of Australians from going broke in retirement. And in some cases the government is what enabled them to make so much money while they were working.
3.5 As for your take on economics, I'll be generous and give you two out of ten. You understand some of the concepts, but most of your opinions are based on ludicrous assumptions and extrapolations. And you fail to understand that being unable to calculate a precise value doesn't make the value zero.
3.6 I certainly don't want to get rid of markets, so Mises's rant is irrelevant. I've got nothing against economic calculations - indeed I very much approve of them when they fit the situation and avoid false assumptions, for then they would provide a good basis for political and economic decision making. But calculations based on false assumptions are often worse than useless, as they're used to convince people to support harmful actions. And useful conclusions about government intervention in a market economy cannot be derived from a critique of a form of socialism that most socialists now reject!