Wednesday, March 17, 2010

Personal Accounts Are Better than Empty Promises from Social Security

My Cato colleague Jose Pinera makes a powerful argument for "privatizing" Social Security, which is something that has happened in about 30 nations.



My Ph.D. dissertation was on Australia's private system, so I've always had a soft spot for this issue. Sadly, Washington is busy creating new entitlements instead of fixing the ones we already have.

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