The Doctrine of Inevitability

[Max Sawicky]

>
>I think deflation would also help those locked into wage contracts and
fixed incomes.  Since real income is a function of money income divided by
costs, if costs go down, real incomes will increase.....and they are about
to pension me off, yeah!>

Go ahead and live it up, you plutocrat.
But my understanding
is that defined benefit pensions, which seems
to be what you're talking about, are going the
way of the dodo bird, in favor of defined
contributions which give the slightly more
fortunate among us a shaky piece of the rock.

MBS