Quote from: ElectricMucus on September 07, 2013, 07:44:08 AM

Quote from: squidface on September 07, 2013, 07:04:50 AM

Quote from: grovestr on September 06, 2013, 07:43:30 PM

Quote from: Herp on September 06, 2013, 07:40:43 PM

You've wrote first "fake" then edited with new text.

I misinterpreted. I was thinking they confiskated private money, while it wasn't.

That's difference between Cyprus.

Yeah. This is not at all the same as Cyprus. Not at all.

Cyprus = state takes private money for itself.

Poland = state takes pension money from private pension funds who manage it on behalf of private individuals so that it will be managed by a state institution instead. On behalf of the private individuals.

Ok, if you've got an anti-statist thing going on ideologically, sure ok, you might see this as a problem. But there's no sense in which the money has been taken from the people who it actually belongs to ie. the people who are supposed to get paid out by the pension.

Sure, that could happen later. But that's not what's happened here.

Wow A post with shot of common sense in the Economics forum, I'm shocked. Shocked

This is the reason why world economy is so messed up because most people have this guy's "common sense". Common sense is not so common these days or not what it used to be.