The Dallas Fed has posted an interview with Uncle Milty made in 2005. Here are his thoughts on what to do about social security:
My favorite solution…would be to give every individual who’s in a Social Security system now—either as a recipient or as a payer—a bond equal to the present value of what they so far have actually earned and then close the system down.
That sounds pretty good to me!
( h/t Greg Mankiw, who we hope to meet in New Orleans this January )
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