-
So you're right, there is no general market you can look at now today, that will tell you,
-
suppose we pay a fixed amount of money for the average person in the economy,
-
what's the present value of that?
-
However, that doesn't mean we couldn't have a market like that.
-
And so my solution is going to involve precisely a market like that.
-
So to answer his question, it's not inherently impossible
-
to attach a market price to paying somebody for the rest of his life.
-
After all, you could imagine Social Security now,
-
paying, let's say 50 million people,
-
the people who are now retired, each of them is going to be
-
paid for the rest of his life according to a rule, which we all understand.
-
It just goes up with inflation.