InDepth Krugman Essay on Social Security

[REACTIVATED IN CT]

Confusions about Social Security
Paul Krugman, Princeton University
View the Article (194 K)

http://www.bepress.com/ev/vol2/iss1/art1




There is a lot of confusion in the debate over Social Security privatization, much of it deliberate. This essay discusses the meaning of the trust fund, which privatizers declare either real or fictional at their convenience; the likely rate of return on private accounts, which has been greatly overstated; and the (ir)relevance of putative reductions in far future liabilities.

[Technocrat058]

1. Finally!

An economist brings reality to the situation!

[papau]

2. a great essay :-)

:-)

[ooglymoogly]

3. a must read...a spade is a spade after all

this is why i love the du and its very smart members.

[livvy]

4. Thank you for posting this link.

I will pass this along to everyone I can think of. Krugman is excellent. He explains thing so well in layman's terms. I've seen him occasionally on different shows. I wish there was a way to get him on more often. His take on why more economists haven't come forward to speak about *&Co is interesting, though not surprising. Thanks again for the link.

[HuckleB]

5. Great piece. Please, everyone, spread this far and wide.

Salud!