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He Doesn’t Have A Clue

The president of the German pension association seemingly has no clue about economics. He laments that the emergence of a low-wage sector in the German economy in recent years stands in contradiction to the demands of politicians that people should save more privately for old age. So far, so true. Then, what’s the solution? He thinks that wages have to rise…

Yeah, that’s going to work. I propose that we the society also decide that everybody should have a ’67 Shelby Mustang in his garage. Man, that is easy! We just have to decide what we want and we get it! Nice!

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