Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Retired Greyhound
This is the really diabolical aspect of Social Security. It is designed in a way that openly discourages and prevents saving, particularly on the part of the middle class.

This is one of the reasons the early Keynesians strongly supported Social Security. They argued that SS was good because it suppressed savings. To Keynesians, savings somehow escape from the economy. They are not offered in exchange for goods, and start a downward spiral in "aggregate demand." They overlook the role of savings in making investment possible.

5 posted on 09/16/2011 2:32:23 PM PDT by JoeFromSidney (New book: RESISTANCE TO TYRANNY. A primer on armed revolt. Available form Amazon.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: JoeFromSidney

Exactly right. To Keynesians (and Kenyans), saving is the enemy.


10 posted on 09/16/2011 2:49:49 PM PDT by Retired Greyhound
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson