Yes, your kids should go to school. No, you shouldn't bankroll their degree whatever the cost. You've spent your life creating a sound financial plan; don't upend it by suspending your retirement savings or taking out a home equity line of credit to pay for a pricey college.
Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.
We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.
I have saved $1,638,580 over my four years. That may not seem like a lot, faced with our deficit, but multiply it by 435 members of the House - and then the senators get three times as much - and you are adding up several millions in savings.
