The challenge when people are having fewer children and living longer.

Lessons for the U.S.

Before our depressing discussion today about the fiscal impact of entitlement programs (Social Security, Medicare, Medicaid, EITC, Food Stamps, welfare, and Obamacare, etc), here’s a video of how it all began. I think this is a great introduction to the issue, particularly since you learn how “public choice” (i.e., politicians engaging in self-serving behavior) played a key role in the development […]

Politicians in Washington have been trying to buy votes with proposals to expand Social Security.

Do you want the bad news or the worse news?

Bloomberg is less rational today.

A President Warren would make a bad situation even worse.

A tax penalty and discriminatory features of Social Security discourage women from working.

A private pension fund with these numbers would have been shut down a long time ago.

The damage is worst on younger firms.