Summary: Niall Ferguson, the impossibly handsome economics history professor linked to Harvard and Oxford Universities and author of Empire, Colossus, Civilisation etc, is in the news at the moment for his 2012 Reith lectures on how the old are impoverishing the young. The main thrust of his argument is that those who are retired or are about to retire are imposing a huge financial burden on the younger working aged population in the form of medical, social security and pension benefits.
