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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.

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Excessive optimism sows the seeds of its own reversal.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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Revolutions are something you see only in retrospect.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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