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It is, in other words, a massive up-front transfer of wealth from younger people to older people, on the implicit promise that when those young people become old, there will be new young people willing to give them even more money. And of course, as prices rise, the only young people able to buy into this ponzi scheme are quite well-to-do themselves.
The Homeownership Society Was a Mistake
theatlantic.com
This retrofit program not only wouldreduce carbon emissions, limit the need for new electrical power plants, and reduce household utility bills but also would create up to nine million new jobs.
Urbanism in the Age of Climate Change
Peter Calthorpe
The overall lesson of this chapter is that statistical malfeasance has very little to do with bad math. If anything, impressive calculations can obscure nefarious motives.
Naked Statistics
Charles Wheelan
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