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A comment on Tell HN: Risk, Dan Gardner. Parent comment
Not at all. They were unsatisfiable promises.
> If that were prevented (that dreaded word, regulation)
I'll believe in regulation when public employee pensions are less of a disaster than private ones.
> But it does not of itself discredit the concept of pensions.
In theory there's no difference between theory and practice....
> But, with regard to the topic of risk, this is a lot of individual risk.
You can't eliminate risk. You can merely move it around.
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Not at all. They were unsatisfiable promises.
> If that were prevented (that dreaded word, regulation)
I'll believe in regulation when public employee pensions are less of a disaster than private ones.
> But it does not of itself discredit the concept of pensions.
In theory there's no difference between theory and practice....
> But, with regard to the topic of risk, this is a lot of individual risk.
You can't eliminate risk. You can merely move it around.