This paper presents examination of how a pension policy affects income growth and the inflation rate in a utility model. Even if the contribution rate of pension increases because of an aging society, an aging society increases income growth and the inflation rate. Moreover, this paper presents...

"Are You Prepared For a Return of Prolonged '70s Style Inflation? In Inflation: The Silent Retirement Killer, Dr. David Phelps examines inflation throughout history, and reveals why the government needs inflation to fund their reckless borrowing and nanny-state promises. Dr. Phelps also exposes...