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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.
Government And Business

The Debt Dialogues [Episode 20]: Sylvester Schieber on America’s So-Called Retirement Crisis

The Debt Dialogues is a weekly podcast that aims to educate young people about the welfare state and how it will affect their future. In this episode, I interview Sylvester Schieber, former chairman of the Social Security Advisory Board and author of The Predictable Surprise: The Unraveling of the U.S. Retirement System, on the question: Does America face a retirement crisis?

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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