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Record Levels of Dependency Are Nothing to Celebrate

by Dan Mitchell | Aug 31, 2010 | Big Government, Blogs, Welfare and Entitlements

One of the big problems with statists is that they define compassion incorrectly. They think they are being compassionate when they take other people’s money and give it to somebody that they define as being less fortunate. But genuine compassion occurs when you spend...

Chile’s Private Social Security System a Big Success

by Dan Mitchell | Aug 25, 2010 | Welfare and Entitlements

Unlike the United States and most European nations, Chile does not face a long-term Social Security crisis. This is because lawmakers shifted to a system of personal accounts almost 30 years ago. As a result, Chile’s economy is much stronger, the financial system is...
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