Government And Business

Why Don’t Americans Have More Saved For Retirement?

Eduardo Porter has a piece in The New York Times blaming Wall Street for the fact that the average American is allegedly going to run out of money in retirement. According to Porter, the average working family nearing retirement has just $104,000 in retirement savings — obviously not enough to keep someone afloat for twenty or thirty years. I’m not convinced that we are in fact facing a “retirement crisis.” But I want to set that aside. What’s interesting is who Porter blames for this problem.
ARI News

Recent Media Highlights

Ayn Rand Institute experts appear frequently in various media outlets, addressing everything from the state of the nation to the state of the culture.
Government And Business

Let’s Have an Honest Debate About Social Security

This month marks the 79th anniversary of Social Security and the program’s finances are in disarray. The numbers are jarring. Social Security faces $23.1 trillion in unfunded liabilities, according to the program’s trustees, and if nothing changes, by 2033, payments will have to be cut by almost a quarter. The longer we wait to act, the more circumscribed our options will be.
Government And Business

Policy Digest: Welfare State Edition

The S&P recently came out with a report on how inequality is allegedly dampening economic growth. If you’re following the debate over Thomas Piketty’s book Capital in the Twenty-First Century, don’t miss this analysis from the Tax Foundation or this article from Don Boudreaux.

Further Reading

Ayn Rand | 1957
For the New Intellectual

The Moral Meaning of Capitalism

An industrialist who works for nothing but his own profit guiltlessly proclaims his refusal to be sacrificed for the “public good.”
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Ayn Rand | 1961
The Virtue of Selfishness

The Objectivist Ethics

What is morality? Why does man need it? — and how the answers to these questions give rise to an ethics of rational self-interest.
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