Druckenmiller: Inter-Generational War Already Happened, The Kids Lost

As the debt ceiling crisis sorts itself out, Thomas Friedman, writing for The New York Times, guarantees that whatever else happens during the next round of tax and entitlement negotiations, “seniors, Wall Street and unions will all have their say and their interests protected,” but young people are on their own. The number of retirees will double by 2050, while the number of workers that have to support them will only go up by about 17 percent, and Friedman thinks that young people should work together to protect their interests from seniors who are raiding the proverbial cupboard. Stan Druckenmiller…