*"such huge benefits due to compound interest over time that it looks like a mag...

hga · on June 23, 2014

And after the real rate of inflation and taxes.

But that's in part because we're now in a period of financial repression: https://en.wikipedia.org/wiki/Financial_repression

But lots of that is still true, e.g. it's vital to have a reserve.

dllthomas · on June 23, 2014

"And after the real rate of inflation and taxes."

Yes.

"it's vital to have a reserve."

Agreed!