Anyway, something from Kuttner, on Friedman's friend and billionaire star of his column:
Some seniors, of course—Mr. Drukenmiller’s cohort—are making out like bandits. Here’s a variant on a Bill Gates joke: Stanley Druckenmiller and I walk into a bar. On average, we’re billionaires. But the average retired American is not the one described in the Friedman column.
Contrary to this sort of propaganda, the economic-injustice problem in America is not about generations. It’s about class. Specifically, Stanley Druckenmiller’s class. But Druckenmiller, approvingly quoted by Friedman, blames the diminished horizons of the young on “current spending on my generation” as if he had anything whatever in common with the people reliant on Social Security.
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