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wbl 3 hours ago

The institutions exist for people to do things like retire.

Maxion 3 hours ago | parent [-]

Undoubtedly they will continue to exist once the people they serve seize to exist.

wbl 3 hours ago | parent | next [-]

It's not about existence it's about what drives the flows. People are born, work and save, and retire. Part of the savings enters as institutional money, and is consumed in retirement.

throw-the-towel 3 hours ago | parent | prev [-]

Ha, this has some serious There Will Come Soft Rains energy.