Is Social Security a Ponzi scheme?

posted by
September 19, 2011
Ludwig von Mises Institute
by Robert P. Murphy  
Posted in Commentary

"Ever since Rick Perry derided Social Security as a Ponzi scheme, economists and other pundits have jumped into the fray. Progressive blogger Matt Yglesias says it's 'nuts' for anyone to talk like this, because Social Security merely relies on future economic growth -- just like a private pension plan. Free-market economist Alex Tabarrok responded to Yglesias with links to arch-Keynesians (and Nobel laureates) Paul Samuelson and Paul Krugman, both comparing Social Security to a 'Ponzi game.'" (09/19/11)  

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