Tuesday, March 15, 2005

Reading Assignment: Dr. Edwin Vieira Jr.

New article here. Dr. Vieira analyzes so-called social security reform and shows that if it is a mess, that is only because the collectivist policy known as Social Security could only have become a mess. Nowhere, he observes, did the Constitution authorize the Federal Government to "insure" anyone. Vieira sorts out the departures from the Constitution that Social Security involved, how it has operated to make the common individual dependent on the whims of politicians (and, more importantly, on the politicial and financial elites), and how the best thing we could do is phase it out rather than attempt to "reform" it.

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