Young and American? You’re Out of Luck

‘Old Age and Treachery

Old age and treachery will always triumph over youth and skill. At least, that is the way it looks.

Our speech to the Class of 2015 (you can catch up here and here) left out some important points.

The jobs picture, for example, is even bleaker. And depriving young people of jobs is like depriving pandas of bamboo shoots: It’s all they have.

Older people can watch their stocks, real estate, and bonds go up in price. A young person can only look at the “Help Wanted” ads … and hope for a break.’

For the rest of this post read http://www.acting-man.com/?p=37407

In fact, I would recommend anyone to follow this blog. The author is Bill Bonner an Austrian School Economist. See also https://mises.org/library/mises-daily.

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