Thursday, November 11, 2010

Social Security is a Ponzi Scheme

Wow!!! Libertarian, free market ideas are becoming mainstream. Who would have thought a mainstream Republican would say something like this:

“I want people to be afraid not to talk about that Social Security is bankrupt and is a Ponzi scheme and if you've got a young 20-something-year-old, they know for a fact that they're not ever going to see that. ... So let's fix it.”
Way to go Governor Perry (TX)

Milton Friedman on Social Security

EDIT: 11/15/2010

Milton Friedman debating a young Michael Moore on Ford's cost-benefit analysis regarding the Pinto.


Anonymous said...

If social security and our banking system were done outside of government the perpetrators would be in jail.

The Classical Liberal said...

This is one more example of the adage: "the road to hell is paved with good intentions." (I'm assuming here that they had good intentions.)

How this system makes sense to anyone is beyond me.

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