[rawgabbit]

He seems to be saying that Funded Pensions like 401k can lead to asset inflation such as high housing prices. While public pensions which are pay as you such as Social Security do not lead to financialization and asset bubbles.

It was a tough read. He should tighten his word choice.

[megaman821]

This seems like an incomplete analysis since many countries with pay-as-you-go schemes borrow money to fund them sometimes, which contributes to general inflation.