In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money at all.
I have decided to be a poet. My father said there isn't a suitable career structure for poets and no pensions and other boring things, but I am quite decided.Sue Townsend
Devolutionary reform will not provide a factory, a machine or jobs, build a school, train a doctor or put a pound on pensions.neil kinnock
A 'socialist' country like Sweden has a highly articulated welfare state; Denmark and New Zealand (which are not highly industrialized) were among the first countries with a public system of old-age pensions; and Saskatchewan was the first Canadian province to have publicly organized health insurance.